IGB & KFC Review - FEB 2011

Ichimoku Kinko Hyo Analysis

1.  IGB - UPTREND.  Stock price has been floating and dancing above the cloud for months.  IKH analysis suggests that, the thicker cloud formed at beginning of March, will act as a bigger support and push the price higher.  Strong supporting price by March is RM2.22.

2. KFCH - MIDTREND.  Stock price entered the clouds second half of Dec 2010 and fell below the cloud early Jan 2011 since then.   RM3.86 acts as a strong resistance when Tenka Sen (Conversion line) leads Jikun Sen (Base line) with small margin.

QE2 a total failure & Citibank Review - Jan 2011

Ron Paul: QE2 Is a "Total Failure" and Bernanke Is Delusional About Inflation

Posted Feb 10, 2011 08:51am EST by Aaron Task in Newsmakers, Politics

Related: ^DJI, ^GSPC, UUP, UDN, TBT, TLT, GLD

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Ben Bernanke faced some tough questions at the House Budget Committee hearing Wednesday. Still, the Fed chairman is probably glad he wasn't before the House Domestic Monetary Policy and Technology Subcommittee, which is chaired by Rep. Ron Paul (R-Tx.)

Rep. Paul joined Dan Gross and me Wednesday afternoon to discuss Bernanke's testimony and his subcommittee's hearing. As you might expect, the longtime Fed critic took umbrage with Bernanke's testimony, most notably the chairman's claims that QE2 is working and that inflation isn't brewing. (See: Under Pressure: Bernanke-Ryan Square Off as Ron Paul Waits in the Wings.)

QE2 is a "total failure," except for those folks who work on Wall Street," Rep. Paul says. "It hasn't done anything for Main Street; hasn't done anything to give us real jobs; hasn't done anything for people who are losing their houses."

As for inflation, "I think there's plenty," Rep. Paul says, citing "skyrocketing" commodity prices and rising food prices. One problem is the Fed's reliance on core CPI, which famously excludes food and energy and relies on hedonic adjustments. "They rig that number," he says. "[Bernanke] looks at government stats that are fudged to reassure him he doesn't have to do anything."

With the Republicans controlling the House and Rep. Paul's views now more mainstream, the Texas Congressman has somewhat toned down his public criticisms of the Fed lately. Still, he hasn't changed a fundamental view that central economic policymaking via the Fed is doomed to fail.

"We're trying to correct the massive problems we had this decade with more" of the same policies, he laments. "He's supposed to give us full employment and stable prices and we have neither. How did the Fed do?"

Rep. Paul says he'd support stripping the Fed of its dual mandate - full employment and price stability - as others in Congress have discussed. But he doesn't think it will do much good and continue to push for a full audit of the Fed and some "competition" for the dollar, as you'll see in part 2 of this interview.

Aaron Task is the host of Tech Ticker. You can follow him on Twitter at@atask or email him at altask@yahoo.com

Citibank Review - Jan 2011

Stock price moves downtrend since 18th of January.  Profit missed target reported.  Selling almost done by now.  Overbought signal seen twice in 5th and 13th Jan.  

IGB hit all time high with near 200k unit volume.

IGB hits all time high.  Next target is to close at RM2.50.  Corporate exercise may be around the corner.  Still waiting for medias for confirmation.  Tomorrow still got plenty of space to fly!!!

Bollinger Band with RSI value Analaysis

The chart indicates that, still got plenty of room to fly tomorrow.  With RSI value around 55%.  Overall fund manager would prefer to short sell a stock after reaching 75% - Overbought state.

Buying volume consolidated for the second day, and today closing reflects yesterday correction.  Closing price finally breaks the BB.

Tomorrow we should see closing price break record high.  RM2.50 is a very nice figure for everyone.

MACD Signal Analysis
1.  Only yesterday, chart analyst can see the GO Long or Buying signal when the MACD blue line and the MACD signal red line cross each other.

2.  With MACD blue line continues to move on top of MACD signal red line, the stock price is growing. The reverse of lines position means stock price is falling.  The more space that blue line leads the red means bigger growth.

3.  GO Short or Selling signal will appear again when both lines cross each other again.  Like in Jan 20.  This can be noticed few days earlier, when blue line is starting to fall near to the red line.

4.  Best thing is, use RSI to help you along the way.  RSI > 75% simply means Overbought.  Best time to sell for big profit!!

IGB breaks the Bolinger Band Upper Limit!!

All fund managers can see IGB closing price breaks the upper limit of Bolinger Band today.   Tomorrow is a panic buying day when their analysis published to their clients.

Meaning Domino just started...  Good time to buy for a TA analyst.

KFC Review - JAN 2011

Re: KFC,KFC-WB,KFC-CA « Reply #29 on: January 10, 2011, 07:04:14 PM »

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Dude, you are my type.  I also enjoy reading those technical infos. 

I remember last time when I bought KFC before split, the PE was at 7-8.  Then the PE gone up to 13-15 in this bull market.

I think with the current PE 13-15, that would be the PE of 7-8 with the new EPS ending for 1Q 2011.  If there is a sell down on the matter of SC hearing causing bad sentiments in the market with PE drop back to 7-8, the estimate KFCH price is around Rm3.50-3.60 region.

IGB Review - Feb 2011

TA analysis for IGB
1. Stock price moves within 20d Bolinger lower band.
2. RSI touching 30% and it is good time to purchase to fund managers.
3. Buying momentum is recovering.
4. Huge buying volume is coming.
5. If previous buyers all return for the counter, the stock price can break Bollinger Band Upper Limit @RM2.32.