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