For November 19th 2009

For November 19th 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.

Honda Motor Co. Ltd. (TYO:7267)

Beta: 0.95 Unable to rise above ¥2,935, Honda ended Wednesday in a bearish candle and its fifth red candle in a row so far. This indicates that a slide back towards ¥2,765 is to be expected soon. Once cleared, the next aim will be the wave equality at ¥2,713 and then straight to the pivotal low at ¥2,590 which is just above the 1.618x wave projection level at ¥2,577. Resistance at ¥2,935 should be able to cap the upside for now, but the stock should hold below ¥2,985 to maintain its bearish outlook. Failure to do so may take Honda to the next retracement level at ¥3,078 (76.4%). Look to short for ¥2,765 and then ¥2,713, with set stop above ¥2,935 at the minimum or if possible, above ¥2,985.

China Shenhua Energy Co. Ltd. (HKG:1088)

Beta: 1.31 Briefly dipped on Tuesday, China Shenhua managed to fight back and ended Wednesday at 39.55. The rallly since 13.40 so far has been contained inside an ascending price channel. At the next session the channel top and bottom will be around 43.28-36.76. Nearest support is at 37.70 and subsequently at 36.80. For Thursday, it is likely that the upmove from 32.30 is projected to end around 41.52-45.91. The latter was also near the old support turned resistance at 46.12. Nonetheless, look to enter long positions as the price may later challenge the channel top at around 43.28. Stop should be either just below 37.70 or if one can stretch it a bit more, below the channel bottom (36.55).

Bank Central Asia, Tbk. (JSX:BBCA)

Beta: 0.69 BBCA is still struggling to break through the resistance barrier at 4,800/4,850 after it recoiled from the low at 4,200. Should it be successful, the follow up rally is expected to take it to 4,975/5,000 and then 5,250 before it must face the prior peak at 5,500. It’s quite empty between the current price of 4,725 and the swing low at 4,200. Below 4,200 we have several supports such as 4,000, 3,875, 3,500, and 2,700. It remains to be seen whether the next move will be another rise to continue the current retracement of the fall from 5,500 to 4,200 OR a zigzag structure down (5,500-4,200-4,800) which aims at 4,000 (0.618x), 3,500 (1x) and 2,700 (1.618x) and at the same time this zigzag also the retracement of the rise from 2,275 to 5,500. At the moment, taking a long position will mean risking a lot as the stop should be below 4,200. Taking a short position may be the better option considering that the next move could be either up or down and that the risk involved in the trade will be relatively small. Thus, take a short position with stop set just above 4,850 or if affordable, above 5,000. The target is the low at 4,200, then 4,000 and 3,500.

Bakrie Sumatra Plantations, Tbk. (JSX:UNSP)

Beta: 1.79 Continuing its bounce off 620 low, UNSP has just reached the 50% retracement level at 815. Subsequent targets will be 850/860 and then 915 (76.4%). As there’s barely any support nearby, the critical support is then at the 580/595/620 area where several technical levels clustered. Below it, we have 500 as the 61.8% retracement level of the rally from 185 to 1,010. If we take a look at the daily chart, there seems to be a head-and-shoulders pattern forming at the moment. The left shoulder was at 940, the head at 1,010, and now the right shoulder is in progress. Ideally this will be around 915, not so far off the left shoulder and fit the 76.4% retracement level nicely. Should this be the case, then the stock still has a lot of room to decline once the pattern emerges. As the outlook still remains bullish, we ought to hold off the bearish thought for now and look to enter long position to target 915. Stop may have to settle below 750, the end of the first leg of the current zigzag up. Below 750 will send the price tumbling back towards 580-620 area.

MARKET DATA – November 18th 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 2,065 3,450 3,280 2,860 7,230 1,350 1,664 386 332 647 2,510 228 4,920 4,900 3,520 9,723.23

High 2,115 3,500 3,290 2,910 7,370 1,351 1,689 387 335 651 2,535 229 4,980 5,020 3,550 9,788.81

Low 2,050 3,450 3,180 2,835 7,220 1,301 1,653 372 323 637 2,495 223 4,830 4,890 3,500 9,631.83

Close 2,095 3,460 3,200 2,840 7,280 1,307 1,659 377 326 643 2,525 226 4,850 4,990 3,550 9,676.80

Prv Dy 2,035 3,470 3,290 2,880 7,270 1,369 1,661 390 335 648 2,525 229 4,870 4,850 3,570 9,729.93

Open High Low Close Prv Dy 4.93 4.98 4.81 4.83 4.93 9.90 10.00 9.78 9.83 9.89 32.70 33.00 32.20 32.45 32.20 19.70 19.70 19.16 19.24 19.42 14.00 14.00 13.48 13.56 13.96 7.45 7.45 7.25 7.34 7.39 39.20 39.40 38.45 39.05 38.75 26.00 26.55 25.55 25.55 25.95 74.80 77.20 74.70 76.15 74.40 17.44 17.54 17.04 17.10 17.44 6.81 6.92 6.78 6.88 6.79 25.00 25.25 24.60 24.65 25.30 39.05 39.90 39.05 39.55 39.45 3.59 3.67 3.55 3.58 3.59 22.30 22.50 20.95 21.40 22.35 11.70 11.86 11.34 11.40 11.58 52.80 53.40 52.75 53.40 52.80 7.07 7.09 6.83 6.89 7.07 31.70 32.00 30.50 31.00 32.10 55.00 55.00 54.25 54.45 54.95 42.15 42.15 41.70 41.75 41.85 18.50 18.60 18.28 18.32 18.36 55.05 55.40 54.30 54.60 54.80 7.00 7.07 6.92 7.03 6.90 27.25 27.25 26.80 27.00 27.05 16.60 16.60 16.12 16.20 16.52 10.18 10.20 10.00 10.12 10.12 73.80 74.45 72.45 72.80 73.85 14.18 14.22 13.82 13.94 14.06 41.40 42.25 40.60 42.10 41.10 22,974.36 23,099.57 22,645.74 22,840.33 22,914.15

Dy Chg 2.95% -0.29% -2.74% -1.39% 0.14% -4.53% -0.12% -3.33% -2.69% -0.77% 0.00% -1.31% -0.41% 2.89% -0.56% -0.55% Dy Chg -2.03% -0.61% 0.78% -0.93% -2.87% -0.68% 0.77% -1.54% 2.35% -1.95% 1.33% -2.57% 0.25% -0.28% -4.25% -1.55% 1.14% -2.55% -3.43% -0.91% -0.24% -0.22% -0.36% 1.88% -0.18% -1.94% 0.00% -1.42% -0.85% 2.43% -0.32%

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 22,700 1,700 2,475 33,450 4,775 1,990 7,650 4,500 690 4,900 1,400 760 146 2,550 68 280 295 3,175 2,200 11,700 27,200 1,880 129 1,320 590 7,950 2,700 3,825 15,450 1,670 7,450 8,900 133 790 15,850 2,473.69

High 23,000 1,730 2,500 34,500 4,775 2,000 7,750 4,500 690 4,900 1,410 770 149 2,675 71 285 295 3,225 2,250 12,050 27,650 1,900 132 1,330 600 8,050 2,750 3,900 15,500 1,680 7,800 9,000 146 810 15,950 2,487.61

Low 22,500 1,690 2,375 31,700 4,725 1,970 7,550 4,425 670 4,750 1,380 750 144 2,500 67 280 285 3,150 2,175 11,550 26,950 1,870 127 1,300 550 7,850 2,650 3,775 15,200 1,640 7,400 8,850 132 770 15,500 2,451.71

Close 22,800 1,700 2,450 34,250 4,725 1,980 7,650 4,450 690 4,800 1,390 760 146 2,625 70 285 290 3,200 2,225 11,800 27,000 1,890 128 1,300 570 8,000 2,750 3,875 15,350 1,660 7,650 8,900 145 800 15,700 2,484.23

Prv Dy 22,650 1,700 2,425 33,650 4,775 1,990 7,700 4,475 690 4,875 1,400 770 147 2,575 68 280 290 3,200 2,225 11,650 27,050 1,870 129 1,320 590 7,950 2,675 3,775 15,350 1,660 7,400 8,900 132 770 15,850 2,473.79

Dy Chg 0.66% 0.00% 1.03% 1.78% -1.05% -0.50% -0.65% -0.56% 0.00% -1.54% -0.71% -1.30% -0.68% 1.94% 2.94% 1.79% 0.00% 0.00% 0.00% 1.29% -0.18% 1.07% -0.78% -1.52% -3.39% 0.63% 2.80% 2.65% 0.00% 0.00% 3.38% 0.00% 9.85% 3.90% -0.95% 0.42%