For November 20th 2009

For November 20th 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.

Kyocera Corp. (TYO:6971)

Beta: 1.00 Ever since its ascending trendline was broken early this month, Kyocera has been under pressure. Thursday saw another slide towards ¥7,060, erasing nearly 76.4% of its gains from ¥6,560. Using several zigzag projections from the ¥8,500 high, the fall had reached the first objective at ¥7,130, setting the next objective at ¥6,820/¥6,850 projection targets. The larger scale retracement of the rise since ¥4,330 points at ¥6,910, ¥6,420, ¥5,930, and ¥5,320 as the subsequent supports. At the moment, upside will be guarded by ¥7,380 and ¥7,620. As long as the latter holds, the bias is clearly down. Look to SHORT with stop set above ¥7,620 and aim at ¥7,020 first, then ¥6,910, and ¥6,420 later.

China Construction Bank Corp. (HKG:0939)

Beta: 1.22 CCB has been pushed back farther from the recent peak at 7.46. Reaching its 38.2% retracement at 7.11 on Thursday, the stock will face the next support at 7.00, near its rising trendline support. Below the line, it could be a quick retreat towards 6.55. There is no nearby resistance other than 7.46. Whether the current dip will accelerate downwards or not is remain to be seen, but for now it seems that CCB’s attempt to hit 7.66/7.68 double projection targets will have to wait. Look to enter short with stop set above 7.46. Aim at the Fibo supports pointed out at the chart, with a possibility of a retest of the longer-term ascending trendline support at 6.17.

Bank Negara Indonesia, Tbk. (JSX:BBNI)

Beta: 1.60 Here’s another banking stock: BBNI. Thursday saw another drop in BBNI. As it now reached the 38.2% retracement from the 1,760 low at 1,940, the outlook seems to be bearish. This suggests that a move lower towards 1,905, and to as low as 1,830 is to be expected in the coming sessions. The recent peak at 2,050 will be the key resistance capping the upside. Should this resistance is broken, the stock will return towards 2,150 before rallying higher. Under the current bearish outlook, look to short with tight stop above 2,050. It is likely that the upside is over at the moment and that the bearish pressure will push the stock lower in the nearterm. Use the retracement levels on the chart as the trade objectives, but caution should be exercised as the stock moves closer to 1,760.

Bakrieland Development, Tbk. (JSX:ELTY)

Beta: 2.18 Similarly, ELTY formed a bearish candle on Thursday despite it managed to penetrate 295 and reached 300. The current triangle pattern itself from 245 low indicates a bearish outlook. Look to short with stop set above 300 or ideally above 317 to give the stock some breathing space. Downside objectives are lining up from 261 to as low as 133 (please refer to the chart above).

MARKET DATA – November 19th 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 2,110 3,440 3,240 2,840 7,200 1,308 1,669 377 321 640 2,530 223 4,850 5,080 3,550 9,691.86

High 2,125 3,450 3,240 2,840 7,210 1,318 1,677 381 321 648 2,530 223 4,850 5,120 3,550 9,691.86

Low 2,070 3,330 3,150 2,710 7,060 1,255 1,622 370 313 629 2,450 217 4,660 4,960 3,430 9,496.07

Close 2,090 3,350 3,210 2,740 7,110 1,268 1,638 381 316 639 2,470 220 4,690 5,010 3,490 9,549.47

Prv Dy 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

Open High Low Close Prv Dy 4.83 4.83 4.71 4.73 4.83 9.84 9.88 9.68 9.69 9.83 32.45 32.95 32.20 32.65 32.45 19.50 19.50 19.08 19.16 19.24 13.58 13.88 13.46 13.80 13.56 7.34 7.37 7.11 7.16 7.34 39.00 39.15 38.45 38.60 39.05 26.00 26.05 25.15 25.25 25.55 76.65 77.80 75.95 77.45 76.15 17.30 17.30 16.70 16.80 17.10 6.94 6.98 6.82 6.84 6.88 25.00 25.65 24.70 25.60 24.65 39.45 39.70 38.60 38.85 39.55 3.57 3.60 3.53 3.55 3.58 21.15 21.90 21.10 21.40 21.40 11.60 11.60 11.22 11.22 11.40 53.00 53.40 53.00 53.20 53.40 6.81 6.85 6.66 6.70 6.89 31.50 31.50 30.70 30.95 31.00 55.00 55.25 54.50 54.95 54.45 41.95 41.95 41.70 41.85 41.75 18.64 18.74 18.38 18.64 18.32 54.85 54.90 54.05 54.25 54.60 7.02 7.02 6.77 6.86 7.03 27.30 27.30 26.90 26.95 27.00 16.32 16.38 16.10 16.20 16.20 10.22 10.22 10.02 10.08 10.12 72.50 72.75 70.50 71.20 72.80 14.24 14.34 14.02 14.24 13.94 42.20 42.20 41.40 41.50 42.10 22,894.84 23,099.57 22,587.18 22,643.16 22,840.33

Dy Chg -0.24% -3.18% 0.31% -3.52% -2.34% -2.98% -1.27% 1.06% -3.07% -0.62% -2.18% -2.65% -3.30% 0.40% -1.69% -1.32% Dy Chg -2.07% -1.42% 0.62% -0.42% 1.77% -2.45% -1.15% -1.17% 1.71% -1.75% -0.58% 3.85% -1.77% -0.84% 0.00% -1.58% -0.37% -2.76% -0.16% 0.92% 0.24% 1.75% -0.64% -2.42% -0.19% 0.00% -0.40% -2.20% 2.15% -1.43% -0.86%

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 22,650 1,700 2,425 34,300 4,725 1,970 7,550 4,450 680 4,825 1,390 760 144 2,625 69 285 290 3,200 2,225 11,850 27,200 1,890 128 1,300 570 8,050 2,725 3,850 15,350 1,670 7,650 9,000 144 810 15,750 2,483.92

High 23,100 1,710 2,450 34,300 4,750 2,000 7,750 4,500 690 4,850 1,400 780 151 2,675 77 285 300 3,225 2,225 12,050 27,200 1,940 129 1,320 580 8,050 2,750 3,875 15,350 1,680 7,650 9,100 156 820 15,850 2,491.48

Low 22,500 1,670 2,325 32,800 4,675 1,940 7,550 4,425 670 4,700 1,360 760 143 2,575 69 280 285 3,175 2,175 11,800 26,250 1,890 124 1,280 550 7,850 2,675 3,800 15,000 1,640 7,400 9,000 143 790 15,650 2,458.28

Close 22,650 1,680 2,375 33,250 4,700 1,950 7,650 4,425 680 4,725 1,370 770 148 2,625 73 280 285 3,200 2,175 11,900 26,450 1,900 125 1,290 570 7,900 2,700 3,825 15,000 1,650 7,450 9,000 149 800 15,650 2,468.79

Prv Dy 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

Dy Chg -0.66% -1.18% -3.06% -2.92% -0.53% -1.52% 0.00% -0.56% -1.45% -1.56% -1.44% 1.32% 1.37% 0.00% 4.29% -1.75% -1.72% 0.00% -2.25% 0.85% -2.04% 0.53% -2.34% -0.77% 0.00% -1.25% -1.82% -1.29% -2.28% -0.60% -2.61% 1.12% 2.76% 0.00% -0.32% -0.62%