Counter to monitor next week

K-one technology 0.2-0.225-0.245-0.26-0.305

Mexter 0.43-0.47-0.5(strong)

BCM Alliance support @0.21-0.225

Wegmans support @ 0.39 long term target 0.58

Merge Energy 0.32-0.345-0.41

Siggas 0.93-0.95(above this trigger buy signal)-1.00-1.06

Jaycorp next resistance 1.06-1.11

Dnounce next strong resistant 0.49 and 0.62, support 0.32

Cck 0.895-0.925 if stay above will trigger the rally

DGB 0.175-0.215-0.25

Salutica 0.625-0.75, cut loss below 0.535

Potential Counter

Straits Inter logistic 0.245-0.275-0.3

Dagang Nexchange 0.39-0.42-0.45-0.475 

kkb engineering 0.965-1.1

Ijacob

0.345-0.39

Counter to monitor

Asia Knight , if supported well at 0.17 and break 0.18, then next target is 0.215

Reach next target

0.485-0.505, strongest @ 0.62

Counter To Monitor

Permaju 0.22-0.27-0.305-0.36

Uzma

1.15-1.2-1.31-1.48

Market update

Deleum 0.95-1.02-1.09-1.12 (not strong enough but possible to fly together with other O&G counter)

Dayang 0.7-0.79-0.82

Dolphin once break 0.15 will start the bull run with TP 0.22

Nextgreen global can consider to enter if the price retrench back to 0.375 and if supported at this level, next 0.425 and 0.485

Short term correction likely to take place if Dow Jones closing lower today, trade cautiously and refer to previous post for the index support level.

sealink

break strong resistant 0.17, next likely to challenge previous high 0.21

Counter to monitor next week

AAX 0.27- 0.29 - 0.315-0.33 (rebound from oversold)

Evergreen 0.535 -0.56 - 0.59

KPS 1.54 - 1.68

Ranhill Range For Reference

0.84-0.9

Potential Counter

AWC 0.8-0.86-0.94

Wegmans Holding, trigger buy signal if break 0.375

Perak Transit

0.285-0.305-0.315, final cut loss point 0.27

Reach Next Target

short term 0.44, long term  0.73

Potential Counter

Nishin Resources 0.195-0.23-0.25-0.28

 Lii Hen Industries buy if break 2.96 and next target is 3.1-3.3-3.4 , good for mid term.

Power Root, buy if break 1.6 and possible to challenge previous high  2.05 and 2.15

Potential Counter

Hiap Huat Holding 0.11- 0.12(strong) - 0.125

KL Index Movement

KLCI likely to face the strong resistance at 1810, basically is the border for bull and bear.If go above, the next will be 1835, if unable to break through then it will test the previous support again at 1784, 1777 and 1760. Looking at the US market closing result on Monday, the chances to break through is lean, investors may consider to reduce the stake in the market for the time being.

Counter to monitor

Goodway 0.21 - 0.26 - 0.29, this counter is for higher risk taker as the price normally move up and down with wider range within a week.

Inix Technologies, once break and stay above 0.09 then is good timing to buy and hold, next strong resistance @ 0.13

Bioalpha, once break out strong resistance @ 0.27-0.28 then it will challenge 0.3 and 0.32

Counter Of The Day

Sanbumi 0.2-0.22-0.25 , high risk investor can consider cut loss @ below 0.19

kstar, if closing @ 0.12 then it will trigger the buy signal and it will challenge the previous high @ 0.14 / 0.15

Counter to monitor and for long term investment

Reach Energy, strong resistance at 0.345, once break out, it will fly high.

QES , if supported well at 0.25 and manage to stand above 0.265, the next target will be 0.49.

KLCI General outlook forecast

The index likely to have a series of correction in month of September after the strong run for the past 2 months. First critical support would be at 1782, followed by 1774 (weaker) then 1760 and 1740.

Mid to long term bull counter

Dancomech 0.455-0.485-0.505-0.55 , cut loss if below 0.455