Friday, September 13, 2013
From this chart of KLCI can see that CI was moving at it trend to north recent drop was just it correction to form a TC of low , CI now is meeting a short term TC of high in this 1 to 2 days time .
CI jump start from 1761.97 then stepping up to 1774.14 up 26.53 now 1763.53 I see no people shoot at those group which when CI down many people cry like no tomorrow . I see no people say buy or take profit or say clear some of the shares in hand ,may now most of the people now thinking should I clear my shares cos of just a rebound or should I hold market look like come to live again.
KARYON INDUSTRIES BHD KARYON (0054)
Industry: PVC, chemical, industrial products, foam booster, washing detergent and shampoo.
Company website: http://www.karyongroup.com.my/
KARYON ~ 2013.09.06 EOD, C=0.275
ENGTEX GROUP BHD ENGTEX (5056)
Industry: pipes, valves, fittings, plumbing materials, steel related products, general hardware products, engineering tools
Company website: http://www.engtex.com.my/
It's not hidden divergence, is bullish divergence
Nowadays market very easy to below support line, even playing red counters i also feel uneasy, it really takes a lot of courage to play red counters.
ENGTEX (5056.KL) collect price : RM1.24
Target Price: RM1.78
