For November 10th 2009

For November 10th 2009

Questions and suggestions? Contact me at [email protected] Any information contained in this document are based on or derived from information generally available to the public from sources believed to be reliable. There’s no representation or warranty is made or implied that it is accurate or complete. Any opinions expressed are subject to change without notice. This post has been prepared solely for information purposes and does not constitute any solicitation to buy or sell any instrument, or to engage in any trading strategy. CFD charts were generated using MetaTrader 4.0 with price data obtained from Google Finance. Beta numbers are obtained from Reuters.com.

TDK Corp. (TYO:6762)

Beta: 1.27 As its trading range narrows, TDK’s upside is now capped at 5,430 while the downside is supported at 4,960. Indicator readings are mixed between its daily MACD and its weekly MACD. The daily MACD is rising, while the weekly is declining. So far, the fall from 11,990 peak towards 2,565 has yet to reach its 38.2% retracement at 6150. On the other hand, the rise from 2,565 to the recent 5,810 peak has yet to reach its 38.2% retracement as well at 4570. Supports are seen at 4,960, 4,730, 4,680, 4,570, 4,300, 4,190, 3,950, 3,810, and 3,610. Resistances are spotted at 5,430, 5,720, 5,810, and 6,170/6,190. With various technical levels awaiting to be tested, the best thing to do now is to wait for either 5,430 or 4,960 to be broken. Aggressive play would be to enter LONG with stop set below either 4,960 or 4,680 with targets set at 5,430 up to 5,810; or to enter SHORT with stop set either above 5,430 or 5,810 with targets set at 4,960, 4,730, down to 4,570.

Bank of East Asia (HKG:0023)

Beta: 1.19 Struggling to break through the barrier at 29.70, Bank of East Asia has renewed its push upwards as seen on its rising daily MACD. Last week’s close was also supportive of the bullish outlook despite its weekly MACD is declining. A cluster of resistances between 29.70 to 31.50 are also standing on its way upwards. Downside, only below 26.35 would be able to upset the current bullish outlook and shifted our focus back towards 21.20 low. Although the outlook is bullish, with just 0.50 distance from the break of 29.70 it would be best to wait for a breakout rather than to jump the gun. Once 29.70 is cleared, the immediate targets are 30.35, 30.80, and 31.50. Alternatively, we cannot rule out the possibility of 26.35 that would be broken. Should this happen, the next key support will be at 21.20. We also have 23.95 as the shortterm support. For now, unless trying to assume that 29.70 will stay intact, waiting on the sideline will be prudent. For those who are adventurous, taking a SHORT position while 29.70 is intact, would provide an entry with small stop (just above 29.70). In the end, it’s up to the trader’s trading style and philosophy which one to choose: waiting or entering short.

Astra International Tbk. (JSX:ASII)

Beta: 1.42 Astra rallied to as high as 31,650 on Monday, starting the week well. The rally is expected to get a follow through on Tuesday as the price is nearing the 38.2% retracement at 31,850 and at the same time, also the descending trendline from the 35,300 top. Beyond 31,850 we have lined up more resistances at 32,500, 33,200, and 34,000 before this year’s peak at 35,300. Downside, despite the temporary breach of prior support at 29,900, the price recoiled immediately from it low at 29,750. This made the 29,750 to 29,900 to be watched closely. Daily MACD has started to rise again, suggesting that more upside is to be seen in the coming session. Thus, look for dip that retraces the rise off 29,750 before taking LONG to aim for 32,500 and beyond. Alternatively, we can also look to go LONG when the trendline has been broken.

Ciputra Property Tbk. (JSX:CTRP)

Beta: 1.21 CTRP has been knocking at the downside support at 275/280 for quite some time. This strong support coincided with the 50% retracement of the entire rally from 108. As daily MACD keeps on declining on both daily and weekly scale, the outlook for this stock remains negative. Once 275/280 support gives way, the stock is seen to stumble on the next support area at 235/240. This is the 61.8% retracement level, the 1.618x projection level, and also 235 was one of the swing points from late April. On the resistance side, 375 will be the first, and 420 the next. The ultimate resistance will be at 440. We may need to wait for a confirmation break below 275/280 before taking a SHORT position that targets 240/235 and 185. Once in, stop should be set at least above 375.

MARKET DATA – 9/11/2009 JAPAN - NIKKEI 225

Advantest Corp. Canon Inc. Daikin Industries Ltd. Honda Motor Co. Ltd Kyocera Corp Mitsubishi Estate Co. Ltd Nikon Corp Nippon Oil Corp Nippon Steel Corp Nissan Motor Co Ltd Sony Corp Sumitomo Metal Industries Ltd TDK Corp Tokyo Electron Ltd Toyota Motor Corp Nikkei 225

HONG KONG - HANG SENG INDEX

Bank of China Bank of Communications Bank of East Asia BOC Hongkong Ltd Cathay Pacific Air China Construction Bank Corp. China Life Insurance Company Ltd. China Merchants Holdings Co. Ltd. China Mobile China Overseas Land & Investment China Petroleum & Chemical Corp. China Resources Enterprise, Ltd. China Shenhua Energy Co. Ltd. China TelecomCorporation Ltd. CITIC Pacific Ltd. COSCO Pacific Ltd. Esprit Holdings Foxconn International Holdings Ltd. Hang Lung Properties Ltd. Henderson Land Development Co. Ltd. HK Electric Holdings Ltd. Hong Kong & China Gas Company Ltd. Hutchison Whampoa Ltd. Industrial & Commercial Bank of China Ltd. MTR Corporation Ltd. New World Development Company Ltd. PetroChina Company Ltd. Ping An Insurance Company of China Ltd. Sino Land Co. Ltd. Wharf Holdings Ltd. Hang Seng Index

Open 1,944 3,370 3,090 2,795 7,600 1,324 1,636 425 341 651 2,575 232 5,120 4,910 3,500 9,777.64

High 1,988 3,410 3,140 2,860 7,620 1,324 1,694 425 346 652 2,620 238 5,120 4,940 3,520 9,845.90

Low 1,923 3,350 3,050 2,765 7,510 1,305 1,613 415 338 635 2,555 231 5,010 4,820 3,440 9,731.59

Close 1,981 3,380 3,130 2,830 7,520 1,319 1,672 416 338 642 2,615 234 5,110 4,860 3,500 9,808.99

Prv Dy 1,967 3,410 3,090 2,800 7,530 1,323 1,656 424 343 657 2,590 231 5,090 4,910 3,520 9,789.35

Open High Low Close Prv Dy 4.65 4.74 4.61 4.71 4.61 9.69 9.85 9.62 9.82 9.61 29.10 29.30 28.80 29.20 28.70 18.82 19.00 18.28 18.86 18.42 12.88 13.00 12.76 12.86 12.68 6.81 6.99 6.78 6.98 6.77 37.95 38.50 37.70 38.50 37.45 25.45 25.45 25.20 25.35 24.70 74.00 74.10 73.10 73.35 74.10 17.12 17.40 17.00 17.30 16.96 6.84 6.87 6.75 6.82 6.82 26.70 27.20 26.50 26.95 26.35 38.20 38.95 37.50 38.55 37.20 3.52 3.57 3.51 3.56 3.51 20.20 20.50 20.10 20.35 20.35 11.12 11.24 11.00 11.10 11.00 53.35 53.80 53.05 53.20 53.00 7.36 7.50 6.96 7.09 7.40 30.20 30.30 29.75 30.15 30.15 56.00 56.25 55.95 56.15 56.25 41.80 41.85 41.50 41.60 41.60 18.12 18.38 18.08 18.26 18.00 54.20 54.25 53.80 54.10 53.75 6.50 6.68 6.46 6.66 6.47 27.20 27.65 27.05 27.50 27.05 16.88 17.14 16.62 17.12 16.74 9.96 10.10 9.89 10.02 9.83 72.00 72.85 71.25 71.35 71.35 14.80 14.82 14.60 14.82 14.66 42.40 43.80 41.90 43.60 41.90 22,004.51 22,214.85 21,780.57 22,207.55 21,829.72

Dy Chg 0.71% -0.88% 1.29% 1.07% -0.13% -0.30% 0.97% -1.89% -1.46% -2.28% 0.97% 1.30% 0.39% -1.02% -0.57% 0.20% Dy Chg 2.17% 2.19% 1.74% 2.39% 1.42% 3.10% 2.80% 2.63% -1.01% 2.00% 0.00% 2.28% 3.63% 1.42% 0.00% 0.91% 0.38% -4.19% 0.00% -0.18% 0.00% 1.44% 0.65% 2.94% 1.66% 2.27% 1.93% 0.00% 1.09% 4.06% 1.73%

Indonesia - Jakarta Stock Exchange

Astra Agro Lestari Tbk Adaro Energy Tbk Aneka Tambang (Persero) Tbk Astra International Tbk Bank Central Asia Tbk Bank Negara Indonesia Tbk Bank Rakyat Indonesia Tbk Bank Danamon Tbk Berlian Laju Tanker Tbk Bank Mandiri (Persero) Tbk Barito Pacific Tbk Bumi Serpong Damai Tbk Bakrie TelecomTbk Bumi Resources Tbk Central Proteinaprima Tbk Ciputra Property Tbk Bakrieland Development Tbk Indofood Sukses Makmur Tbk Indika Energy Tbk Indocement Tunggal Prakasa Tbk Indo Tambangraya Megah Tbk Jasa Marga (Persero) Tbk Kawasan Industri Jababeka Tbk Kalbe Farma Tbk Lippo Karawaci Tbk PP London Sumatera Tbk Medco Energi International Tbk Perusahaan Gas Negara Tbk Tambang Batubara Bukit Asam Holcim Indonesia Tbk Semen Gresik (Persero) Tbk Telekomunikasi Indonesia Tbk Truba AlamManunggal E. Tbk Bakrie Sumatra Plantations Tbk United Tractors Tbk JSX Composite

Open 22,050 1,560 2,350 30,450 4,750 1,890 7,450 4,575 680 4,650 1,350 800 121 2,350 68 290 285 3,100 2,175 11,950 23,350 1,840 125 1,290 630 7,600 2,675 3,725 14,500 1,590 7,400 8,700 127 690 15,100 2,395.41

High 22,350 1,560 2,350 31,650 4,775 1,920 7,500 4,575 690 4,725 1,360 800 121 2,375 68 290 285 3,100 2,175 12,000 23,600 1,840 128 1,310 630 7,800 2,700 3,725 14,650 1,600 7,500 8,700 129 690 15,750 2,406.92

Low 21,850 1,530 2,300 30,100 4,700 1,850 7,250 4,475 670 4,625 1,330 780 116 2,225 67 280 275 3,025 2,125 11,800 23,100 1,820 121 1,270 610 7,500 2,575 3,625 14,350 1,580 7,250 8,600 124 670 14,900 2,380.49

Close 22,200 1,540 2,300 31,600 4,725 1,910 7,450 4,550 680 4,700 1,360 790 119 2,300 68 285 285 3,075 2,175 11,950 23,300 1,840 127 1,310 630 7,650 2,625 3,675 14,600 1,590 7,350 8,650 125 680 15,700 2,406.43

Prv Dy 21,850 1,540 2,325 30,350 4,725 1,890 7,450 4,550 680 4,625 1,350 800 120 2,325 68 290 285 3,050 2,175 11,800 23,600 1,830 123 1,280 630 7,650 2,700 3,700 14,450 1,580 7,400 8,700 126 690 15,000 2,395.11

Dy Chg 1.60% 0.00% -1.08% 4.12% 0.00% 1.06% 0.00% 0.00% 0.00% 1.62% 0.74% -1.25% -0.83% -1.08% 0.00% -1.72% 0.00% 0.82% 0.00% 1.27% -1.27% 0.55% 3.25% 2.34% 0.00% 0.00% -2.78% -0.68% 1.04% 0.63% -0.68% -0.57% -0.79% -1.45% 4.67% 0.47%