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Thursday 27 May 2010

JKSE

Technically, JKSE has surpassed the Elliot wave target with volume, but since the global market hasn't fully stable, we're pessimistic that today it will rally.

Based on the pattern of seasonal pattern of World Cup, there's always a big rebound & big sell offs....

The nearest support is at 2500-2515...

The next target is quite near 2695-2710.


Rating: Sell On Strength; TP: 2695-2710; 2790-2810

Happy Investing^^
Disclaimer ON!!!

SOS

Sell On Strength will be on today's agenda, as yesterday it rallied with the highest gain, but not supported by regional & US markets, so it's quite wise for us to realize all profit.

Dow failed to retain the level of 10,000, while Crude Oil able to retain the level of $70.8, but since it has rallied to $71.8 & closed at $70.8, this shows the market hasn't really agree with the recovery, or this might just be a trap / bull-trap.

Happy Investing^^ Disclaimer ON!!!