mandarin version - market technical reading : revisiting the 1,300 stronghold... - 15/03/2010

8/14/2019 Mandarin Version - Market Technical Reading : Revisiting The 1,300 Stronghold... - 15/03/2010

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EARCH INSTITUTE SDN. BHD.

∶

♦ 11 6 T+4

♦ CIMB -20 Maybank -9Sime -9 FBM KLCI 10.23 0.77% 1,311.20

♦ 3

♦ 1.24% 225BoJ 0.81%

♦ 7 1 600 7 9 200 436247

∶

♦

♦ 2

♦ 1,300.74 1,312.18 101,304

♦ 10 1,300

♦ 1,334.34 1,354.79

1 ∶ FBM KLCI 2 ∶

1,300 …

M A R K E T D A T E L I N E

P P

7 7 6 7 / 0 9 / 2 0 1 0 ( 0 2 5 3 5 4 )

2010 3 15

RHB ResearchInstitute Sdn BhdA member of theRHB Banking GroupCompany No: 233327 -M

I MPORTANT DI SCLOSURES



2010 3 15

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∶

♦

♦ 1,300.74 1,312.1810

♦ 1,300 ♦ 1,300

♦ 1,334.34 1,354.79

♦ 1,300 1,390

∶ RHBInvest & Bloomberg

2 ∶

%

1,311.20 -10.23 -0.8

100 8,577.32 -62.48 -0.7 4,238.33 6.20 0.1

10,624.69 12.85 0.1

2,367.66 -0.80 0.0500 1,149.99 -0.25 0.0

5,625.65 8.39 0.1 21,209.74 -18.46 -0.1

2,666.51 -10.01 -0.4225 10,751.26 86.31 0.8

1,662.74 6.12 0.4 3,013.41 -37.87 -1.2 733.34 7.39 1.0

2,881.36 7.45 0.3 7,748.33 -1.33 0.0Sensex 17,166.62 -1.34 0.0

NYMEX / 81.24 -0.87 -1.1

MDEX – 3 / 2,649.00 -11.00 -0.4

0-0.25% 10 1

26 -27

FOMC 2010 3 16

1 ∶

3 8

3 9

3 10

3 11

3 12

583 253 451 274 247

194 455 292 440 436 256 258 270 276 272

304 375 330 354 389

1,161 798 934 792 716

2,259 1,453 1,619 1,347 1,336

3.3380 3.3410 3.3180 3.3170 3.3055



2010 3 15

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∶

♦

♦ 1,326.50 FKLI

♦ FKLI 1,312.0 3 5.00 0.38%1,316.00

♦ 2

♦ 1,305 1,31110 1,306

♦ 10 1,300

♦ FKLI 1,300

♦ 1,337 FKLI 1,348

∶

♦ 1,300 resistance-turn-support level

♦ 1,300 “ ”

♦ 1,306 1,320

3 ∶ FKLI FKLI ( )

10 3 1324.50 1326.50 1312.00 1316.00 -5.00 1316.00 5201 1877610 4 1323.50 1325.50 1312.00 1314.00 -4.50 1315.00 688 63510 6 1322.00 1326.00 1311.00 1314.00 -4.50 1315.00 200 54410 9 1324.50 1324.50 1308.00 1313.50 -4.50 1313.00 75 219

∶ Bursa Malaysia

3 ∶ FKLI 4 ∶ FKLI



2010 3 15

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∶

♦

♦ 2 0.3% 0.2%

♦ University of Michigan 2 73.6 3 72.574

♦ General Electric Caterpillar 3.4% 2.5%

Bank of America -1.6%

♦ 4 0.87 1.1% 81.24

∶

(Dow Jones Industrial Average DJIA)

♦ DJIA 12.85 0.12% 10,624.69 10,644.95

♦ “ ” evening star

♦ 21 10,402

♦ 10,644.95 1 10,729.89 10,850

(Nasdaq Composite Nasdaq)

♦ 6 Nasdaq Composite Index 0.80 0.03%2,367.66

♦ 7

♦ 2,330 2,330

5 ∶ DJIA ( ) 6 ∶ Nasdaq ( )



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IMPORTANT DISCLOSURES

This report has been prepared by RHB Research Institute Sdn Bhd (RHBRI) and is for private circulation only to clients of RHBRI and RHB Investment Bank Berhad(previously known as RHB Sakura Merchant Bankers Berhad). It is for distribution only under such circumstances as may be permitted by applicable law. Theopinions and information contained herein are based on generally available data believed to be reliable and are subject to change without notice, and may differ orbe contrary to opinions expressed by other business units within the RHB Group as a result of using different assumptions and criteria. This report is not to beconstrued as an offer, invitation or solicitation to buy or sell the securities covered herein. RHBRI does not warrant the accuracy of anything stated herein in anymanner whatsoever and no reliance upon such statement by anyone shall give rise to any claim whatsoever against RHBRI. RHBRI and/or its associated personsmay from time to t ime have an interest in the securities mentioned by this report.

This report does not provide individually tailored investment advice. It has been prepared without regard to the individual financial circumstances and objectivesof persons who receive it. The securities discussed in this report may not be suitable for all investors. RHBRI recommends that investors independently evaluateparticular investments and strategies, and encourages investors to seek the advice of a financial adviser. The appropriateness of a particular investment orstrategy will depend on an investor’s individual circumstances and objectives. Neither RHBRI, RHB Group nor any of its affiliates, employees or agents acceptsany liability for any loss or damage arising out of the use of all or any part of this report.

RHBRI and the Connected Persons (the “RHB Group”) are engaged in securities trading, securities brokerage, banking and financing activities as well as providinginvestment banking and financial advisory services. In the ordinary course of its trading, brokerage, banking and financing activities, any member of the RHBGroup may at any time hold positions, and may trade or otherwise effect transactions, for its own account or the accounts of customers, in debt or equitysecurities or loans of any company that may be involved in this transaction.

“Connected Persons” means any holding company of RHBRI, the subsidiaries and subsidiary undertaking of such a holding company and the respective directors,officers, employees and agents of each of them. Investors should assume that the “Connected Persons” are seeking or will seek investment banking or otherservices from the companies in which the securities have been discussed/covered by RHBRI in this report or in RHBRI’s previous reports.

This report has been prepared by the research personnel of RHBRI. Facts and views presented in this report have not been reviewed by, and may not reflectinformation known to, professionals in other business areas of the “Connected Persons,” including investment banking personnel.

The research analysts, economists or research associates principally responsible for the preparation of this research report have received compensation basedupon various factors, including quality of research, investor client feedback, stock picking, competitive factors and firm revenues.

Technical recommendation framework for stocks and sectors are as follows: -

Technical Recommendation:Trading Buy = Short-term positive opportunity spotted. It is an aggressive trading recommendation with a book to sellers’ price for short-term technical upside.Bargain Buy = Short-term positive but technical signals have yet to trigger a rally. Traders can park and queue for their desired entry level within a small range.Buy on Weakness = Short- to Medium-term positiveness anticipated, but technical readings are still negative. Traders can pick-up the stock for future rally.Sell on Strength = Short-term momentum still positive, Traders are advice to lock in profit base on current strength.Take Profit = Short-term target achieved. Traders are advice to exit before the technical readings turn bearish.Avoid = Risky situation in the short-term and high volatility expected on the share price. Traders’ best strategy is staying away until it stabilises.

Technical Time Frame:Immediate-term = short time frame within a contra period.Short-term = moderate time frame within two to three contra periods. For tracking purposes, we refer to 10 trading days.Medium-term = medium time frame usually refers to two to three weeks period. For tracking purposes, we refer to 20 trading days.

Technical recommendations are generally short-term in nature and may differ from RHBRI’s equity fundamental view and recommendation on the same company.

RHBRI is a participant of the CMDF-Bursa Research Scheme and will receive compensation for the participation. Additional information on recommendedsecurities, subject to the duties of confidentiality, will be made available upon request.

This report may not be reproduced or redistributed, in whole or in part, without the written permission of RHBRI and RHBRI accepts no liability whatsoever for theactions of third parties in this respect.

mandarin version - market technical reading : revisiting the 1,300 stronghold... - 15/03/2010

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