For November 25th 2009

For November 25th 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.

Nippon Oil Corp. (TYO:5001)

Beta: 1.18 Nippon Oil continued to fall on Tuesday, marking its 8 th consecutive lower high and its 5th consecutive lower low. The day’s low was at 370, already below the 76.4% retracement level at 381. This suggests more fall to be seen in the coming sessions, possibly to as low as 327, just above the key low at 308. Whether the stock will rebound first or not is remain to be seen, but the upside resistances are seen at 414, 441, 463 and 476/485. Shorting at the moment may be a risky trade because such consecutive lows pattern could turn around at any time soon after being overextended. Looking to move towards resistances at 414 towards 485 would be a better choice. Ultimately, stop should be above 485, with objective is set at 327 or even below the key low at 308. Scatter the entries at each of the retracement-based resistances mentioned earlier or if deciding to enter immediately may do so wih tight stop above 401.

China Merchants Holdings Co. Ltd. (HKG:0144)

Beta: 1.25 As it managed to hold above 24.40 key support, China Merchants clawed its way up to hit 25.30, the 23.6% retracement level. Assuming the downside is over for now, I expect it to push higher towards 25.68, 25.98 and later 26.28 before it faces the descending trendline at around 26.64. The pattern is clearly a triangle with flat bottom. Although it is a continuation pattern, it could be rallying just to touch the trendline resistance before it collapses again. At the moment, I prefer entering LONG with stop below 24.4 and the target is set at each retracement levels (25.68, 25.98, and 26.28 as well as 26.64. If however, the stock plunges below 24.40, subsequent targets will be 23.78 and 22.31.

Astra Agro Lestari, Tbk. (JSX:AALI)

Beta: 1.16 AALI rallied on Tuesday and reached the prior peak at 23,400 by the end of the day. It appears that the stock is poised for more gains in the coming sessions to around 23,750/23,850 before it retests the August top at 24,150. Ultimate target will be the 76.4% retracement level of the fall from 35,300 to 4,600 at 28,050. Supports are seen at 22,350, 21,600, 20,350 and 19,650. The bullish outlook favors the LONG side, with risk factor is set at 22,350. Below this the upward pressure will be somewhat muted as the stock returns to the neutral stance. Targets for LONG positions are scattered between 23,750-28,050, so multiple exits strategy will be the most suitable with this opportunity as well as employing trailing stop each time a resistance has been reached.

Telekomunikasi Indonesia, Tbk. (JSX:TLKM)

Beta: 0.73 TLKM had bumped into resistance at 9,100, the 76.4% retracement level of the fall from 9,450 to 7,850. Assuming that 9,100 is the near-term top, supports can be pinpointed at the retracement levels of the rise from 7,850 to 9,100 at 8,800, 8,600, 8,450, 8350, and 8,150. Swing low at 7,850 will remain the critical support. Conflicting signs from the rising daily MACD and the falling stochastics may suggest that staying away will be the best option at the moment. Still, adventurous traders may find SHORT position to be the one with best risk-to-reward ratio as the risk is limited to 9,450 while downside potential is seen down to 8,150.

MARKET DATA – November 24th 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 2,070 3,410 3,250 2,730 6,950 1,270 1,588 381 321 626 2,430 219 4,680 4,910 3,450 9,511.00

High 2,080 3,410 3,250 2,735 7,030 1,285 1,597 384 325 627 2,435 224 4,680 4,930 3,450 9,511.00

Low 2,010 3,360 3,070 2,675 6,920 1,263 1,571 368 314 606 2,360 218 4,580 4,820 3,360 9,397.79

Close 2,025 3,360 3,080 2,725 6,950 1,272 1,583 368 314 613 2,365 220 4,620 4,880 3,380 9,401.58

Prv Dy 2,030 3,400 3,200 2,725 7,040 1,270 1,592 380 318 621 2,410 217 4,650 4,860 3,440 9,497.68

Open High Low Close Prv Dy 4.76 4.79 4.60 4.61 4.81 9.80 9.83 9.53 9.56 9.79 33.10 34.00 32.60 32.65 33.00 19.02 19.28 18.84 18.92 19.08 13.90 13.90 13.36 13.60 13.70 7.35 7.39 7.10 7.16 7.42 39.40 39.65 38.70 39.00 39.35 25.00 25.30 24.75 25.15 24.80 76.60 76.95 75.00 75.15 76.65 16.90 17.10 16.58 16.74 16.90 6.68 6.75 6.61 6.64 6.68 25.25 25.50 24.85 25.05 25.40 39.00 39.35 38.20 38.60 39.30 3.48 3.55 3.45 3.46 3.47 21.30 21.90 21.10 21.35 21.30 10.98 11.12 10.90 10.90 11.04 53.75 55.20 53.55 54.55 53.35 6.74 6.85 6.57 6.58 6.73 29.55 30.00 28.65 28.65 29.80 55.10 55.40 54.05 54.05 55.35 42.40 42.40 41.80 41.80 42.15 18.94 19.00 18.56 18.86 18.74 53.80 54.15 53.25 53.30 53.85 6.95 7.02 6.83 6.85 6.97 27.00 27.10 26.60 26.80 27.05 16.34 16.40 15.86 15.92 16.34 9.92 10.04 9.82 9.84 10.02 73.35 74.90 72.65 73.30 73.25 14.66 14.72 14.44 14.54 14.58 41.20 41.55 40.80 40.85 41.00 22,697.62 22,813.93 22,395.38 22,423.14 22,771.39

Dy Chg -0.25% -1.18% -3.75% 0.00% -1.28% 0.16% -0.57% -3.16% -1.26% -1.29% -1.87% 1.38% -0.65% 0.41% -1.74% -1.01% Dy Chg -4.16% -2.35% -1.06% -0.84% -0.73% -3.50% -0.89% 1.41% -1.96% -0.95% -0.60% -1.38% -1.78% -0.29% 0.23% -1.27% 2.25% -2.23% -3.86% -2.35% -0.83% 0.64% -1.02% -1.72% -0.92% -2.57% -1.80% 0.07% -0.27% -0.37% -1.53%

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 22,850 1,770 2,400 33,200 4,650 2,000 7,650 4,525 680 4,725 1,380 840 162 2,750 72 290 290 3,250 2,200 11,700 27,400 1,890 127 1,290 560 7,900 2,725 3,800 15,900 1,650 7,400 9,000 148 810 15,550 2,481.52

High 23,400 1,770 2,400 33,450 4,725 2,025 7,700 4,525 690 4,725 1,380 850 163 2,750 73 295 295 3,250 2,225 11,900 27,800 1,900 127 1,290 560 8,100 2,750 3,825 16,200 1,660 7,550 9,050 150 830 15,550 2,491.87

Low 22,800 1,700 2,325 33,100 4,650 1,980 7,600 4,425 670 4,575 1,340 810 154 2,550 69 280 280 3,175 2,150 11,550 27,200 1,870 122 1,270 530 7,850 2,650 3,725 15,700 1,640 7,350 8,900 139 790 15,300 2,455.32

Close 23,400 1,710 2,350 33,350 4,650 2,000 7,600 4,450 680 4,575 1,360 830 155 2,625 70 280 285 3,200 2,175 11,750 27,700 1,870 123 1,290 550 8,000 2,650 3,800 16,100 1,640 7,400 9,000 140 790 15,400 2,471.88

Prv Dy 22,750 1,770 2,400 33,150 4,650 2,000 7,650 4,500 690 4,700 1,370 850 163 2,750 72 290 295 3,250 2,200 11,600 27,150 1,900 127 1,290 560 7,900 2,725 3,800 15,900 1,630 7,400 8,950 148 810 15,450 2,481.42

Dy Chg 2.86% -3.39% -2.08% 0.60% 0.00% 0.00% -0.65% -1.11% -1.45% -2.66% -0.73% -2.35% -4.91% -4.55% -2.78% -3.45% -3.39% -1.54% -1.14% 1.29% 2.03% -1.58% -3.15% 0.00% -1.79% 1.27% -2.75% 0.00% 1.26% 0.61% 0.00% 0.56% -5.41% -2.47% -0.32% -0.38%