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Technical Outlook

on

FBM KLCI

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KLCI Daily Chart

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KLCI Weekly Potential H&S Formation

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KLCI Monthly - Long-term Uptrend Intact

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KLCI Daily Simple Moving Averages (SMA)

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KLCI Weekly FR Levels

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As the FBM KLCI sustained at above the 10-day SMA (1,337), the short-term tradingsentiment should stay upbeat.

Given the positive short-term chart indicators, upward momentum may accelerate ifthe index manages to remove 1,350.

But, as the weak 10-week SMA displays risk of falling below the 40-week SMA, theindexs medium-term outlook remains uncertain.

Without removing 1,350, the risk will remain for a possible Head & Shoulders or evena bearish Double Top Formation. Its medium-term support is seen at 1,300.

As the index has reclaimed its long-term UTL, long-term outlook has turned positive.

Key long-term support is at 1,150, while bearish confirmation level is at 980 1,000.

However, in our opinion, the short-term market sentiment will still be influenced by theregional markets volatilities, including the rapid funds flow in the currencies and

commodities markets.

Domestically, factors like the M&A activities, construction and election plays willcontinue to drive trading interests in months to come.

Conclusion

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Other Technical Observations

US & Regional IndicesUS & Regional Indices

&&

CurrenciesCurrencies

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DJIA

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S&P 500

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Nasdaq

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STI

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Nikkei 225

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HSI

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SHComp

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Currencies - JPY / US$

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Currencies - US$ / EUR

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Currencies EUR / US$

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US Dollar Index (DXY)

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Technical Trading Ideas

Stocks To WatchStocks To Watch

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Time Engineering

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Time dotCom

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UEM Land Holdings

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Malaysian Resources Corporation

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MMC Corporation

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Gamuda

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My E.G. Services

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Scomi Marine

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Technical Trading Ideas

Stock Calls PerformanceStock Calls Performance

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Stock Calls Performances Summary- Weekly Trading Idea (Jan Jul 2010)

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Monthly Profit & Loss For Weekly Trading Idea- From May to Jul 2010

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Stock Calls Performances Summary- Short-term Trading Idea (Jan Jul 2010)

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Monthly Profit & Loss For Short-term Trading Idea- From Jan 2010 to Apr 2010

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Comparison Against Major Indices

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Disclosures

The information and opinions in these slides were prepared by RHBResearch Institute. The investments discussed or recommended inthese slides may not be suitable for all investors. These slides havebeen prepared for discussion purposes only and are not an offer tosell or a solicitation to buy any securities. The directors andemployees of RHB Research Institute may from time to time have aposition in or with the securities mentioned herein. Members of theRHB Group and their affiliates may provide services to any companyand affiliates of such companies whose securities are mentioned

herein. The information herein was obtained or derived from sourcesthat we believe are reliable, but while all reasonable care has beentaken to ensure that stated facts are accurate and opinions fair andreasonable, we do not represent that it is accurate or complete andit should not be relied upon as such. No liability can be accepted forany loss that may arise from the use of these slides. All opinions andestimates included in this session constitute our judgement as of thisdate and are subject to change without notice.

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THANK YOU