Another steep fall over in Wall Street due to the concern of a looming credit crisis last Friday. Will this affect the market on Asia? Yes, but it may be minimal (at this point in time). Yes, the immediate term, both the KLCI and STI still looks ok, but I would not be overly bulllish at this point in time.
There are still stocks which are bullish right now technically. In Malaysia, there are bullish signals on AsiaPac (4057), Berjaya Corp(3395) and Perisai (0047). Keep an eye on Adventa (7191) too. In Singapore, HTL International and Equation Corp are catching the eye although Equation moved quite a 'bit' on Friday. There are just too many small cap stocks breaking out of their consolidation to list them all here in the blog. Keep a sharp eye and drop me a 'comment' on which stocks are on the move yeah.. thanks.
p/s: Surewin, thanks for Perisai (0047) - see comments.
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