For November 27th 2009

For November 27th 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.

Nissan Motor Co. Ltd. (TYO:7201)

Beta: 1.41 Nissan seems to be forming a triangle pattern on the daily chart, with the most recent low at ¥606 being one of the triangle’s support point. If the count is right, we are now in progress of the fourth leg which is aiming at ¥665 or the descending trendline which is also the triangle’s top boundary. With the direction evidently up, LONG positions could be established but stop will have to be placed below ¥606. This means, the risk-to-reward ratio will be somewhat 1:1 as the objective will be at ¥665 and the entry would be somewhere around ¥630s or at the middle of the triangle. Alternatively, one can wait until the price goes up towards ¥665 and entered SHORT there with the stop set above 694. Target for this entry would be around ¥610-¥620 depending when the entry will be established. This too, means that the risk-to-reward ratio will be close to 1:1 (and it gets worse as we are heading towards the triangle’s apex). Yet, there’s yet another alternative to the alternatives mentioned above. That is to wait until the fifth leg completed at ¥610-¥620 and enter LONG there with the stop set below ¥606 and this time, the target could be as high as ¥735. This is because the current triangle is a continuation pattern and that the main direction before the triangle began was up. At any rate, it is clear that there are two critical points: one is ¥606, the nearest support of the triangle, and two is the top of the pattern at ¥694. Since the references used are of trendlines, the exact point of the next touch points with the two trendlines are totally dependent on when each of the trendlines is reached. In this case, the approximate upper touch point is around ¥665-¥655, and the lower touch point will be around ¥610-620.

Industrial & Commercial Bank of China, Ltd. (HKG:1398)

Beta: 1.08 As Hang Seng index tumbled 400 pips on Thursday, ICBC lost 0.25 cents from the intraday high before it settled the day at 6.62. It crashed below the support at 6.70 and thus confirmed a zigzag down which is now nearing its objective around 6.53. Just below it, we have an ascending trendline which is approximately at 6.50 at the moment, and then 6.35 the crossover between projection and retracement targets, and some more supports such as 6.26, 6.19 and 5.98/6.01. While it is clearly heading south, ICBC is probably going to retrace up a bit towards 6.68, or even 6.75. These two points will be good spots for entering SHORT positions. However, keep in mind that it ought not be above 6.81 because at that point the risk of having the bears flipped will be increasing. The key resistance is however, at 7.02. Assuming that the current fall from 7.02 to 6.56 is wave C, then the beginning of wave C should not be breached. Going beyond 7.02 means the correction had ended and the impulse wave will resume upwards. At the downside, objectives for SHORT positions may be placed at 6.53, 6.35, 6.26, 6.19 and 5.98/6.01. Keep trailing the stop each time a lower support is hit to reduce the risks.

Indofood Sukses Makmur, Tbk. (JSX:INDF)

Beta: 1.34 Falling for three days in a row, INDF is increasingly likely to have ended its attempt to break resistance at 3,300 at the moment. The stock will find many supports, though. The first will be 3,050, then 3,000, 2,975, 2,900, 2,825, and then the critical 2,700. Major supports are also seen at 2,650 and 2,275. Upside we have none other than 3,250 and 3,300 highs. Only beyond 3,300 will the bullishness intensify towards 3,425 and 3,675. The three black crows (rather imperfect, though) signalled more decline to be expected, and this justifies for taking SHORT positions with stop set above 3,300 and target the aforementioned supports. Note that however, Friday is a holiday in Indonesia, so the forecast will be for Monday.

Semen Gresik (Persero), Tbk. (JSX:SMGR)

Beta: 0.80 As SMGR managed to break through 7,050 on Thursday, the outlook now turns rather bearish with the focus on the support at 6,750 where a projection level and two retracement levels intertwined. While it’s not going to be easy to break it, successful attempt should put the next support on the line: 6,100 which is also the previous swing low as well as the 38.2% retracement level. Upside, prior swing low at 7,300 and recent swing high at 7,550 will be the first two resistance points before this year’s high at 7,800. If Thursday’s low is still holding when the stock rallies past 7,800, more targets are seen at 7,950, 8,600, and 9,650. These three resistances will expire once the low at 6,900 is broken. For now, look to short while below 7,550 with stop set above 7,800 at the most. Aim for 6,750 and 6,100.

MARKET DATA – November 26th 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 1,945 3,320 3,010 2,745 6,970 1,250 1,577 368 317 627 2,385 219 4,580 4,730 3,400 9,354.80

High 1,997 3,350 3,120 2,770 7,030 1,284 1,581 374 326 639 2,425 225 4,690 4,820 3,400 9,457.24

Low 1,941 3,290 2,985 2,725 6,950 1,247 1,548 364 317 622 2,355 218 4,580 4,700 3,350 9,324.99

Close 1,964 3,290 3,060 2,765 6,980 1,271 1,559 368 323 634 2,370 221 4,610 4,760 3,380 9,383.24

Prv Dy 2,015 3,360 3,040 2,795 7,060 1,249 1,591 365 318 637 2,415 220 4,680 4,810 3,420 9,441.64

Open High Low Close Prv Dy 4.49 4.49 4.31 4.35 4.48 9.39 9.39 9.08 9.19 9.38 33.50 35.45 33.35 34.95 33.55 18.74 18.80 18.40 18.50 18.86 13.66 13.66 13.12 13.24 13.52 7.10 7.10 6.81 6.88 7.15 40.80 40.90 39.50 39.95 40.75 25.00 25.15 24.20 24.55 25.00 75.25 75.50 73.95 74.35 75.25 16.60 16.98 16.56 16.64 16.92 6.77 6.79 6.56 6.61 6.75 25.50 25.50 24.70 24.85 25.40 38.90 39.25 38.20 38.55 39.45 3.54 3.56 3.49 3.52 3.53 21.35 21.70 21.00 21.25 21.50 10.98 11.00 10.80 10.88 10.96 55.50 55.50 53.40 54.05 56.70 6.80 6.85 6.72 6.78 6.72 29.20 29.40 28.80 29.00 29.25 55.75 56.50 54.60 54.80 55.75 41.85 42.20 41.80 41.90 41.90 19.18 19.18 18.60 18.84 19.04 53.55 53.70 53.00 53.05 53.85 6.76 6.81 6.56 6.62 6.81 26.90 26.90 26.65 26.70 26.90 16.26 16.40 16.00 16.06 16.20 10.06 10.14 9.80 9.87 10.08 75.00 75.70 73.55 74.10 75.55 15.14 15.14 14.62 14.72 14.98 42.60 42.60 41.00 42.30 42.25 22,580.25 22,638.89 22,108.26 22,210.41 22,611.80

Dy Chg -2.53% -2.08% 0.66% -1.07% -1.13% 1.76% -2.01% 0.82% 1.57% -0.47% -1.86% 0.45% -1.50% -1.04% -1.17% -0.62% Dy Chg -2.90% -2.03% 4.17% -1.91% -2.07% -3.78% -1.96% -1.80% -1.20% -1.65% -2.07% -2.17% -2.28% -0.28% -1.16% -0.73% -4.67% 0.89% -0.85% -1.70% 0.00% -1.05% -1.49% -2.79% -0.74% -0.86% -2.08% -1.92% -1.74% 0.12% -1.78%

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 23,450 1,720 2,325 33,000 4,650 2,000 7,650 4,450 690 4,525 1,330 810 152 2,600 69 280 265 3,150 2,225 11,400 27,700 1,890 121 1,280 550 8,200 2,625 3,750 16,500 1,640 7,200 9,100 137 790 15,350 2,459.94

High 23,450 1,720 2,350 33,100 4,700 2,000 7,700 4,450 700 4,525 1,330 810 152 2,600 70 280 270 3,150 2,225 11,400 27,900 1,890 121 1,280 560 8,200 2,650 3,750 16,550 1,640 7,250 9,150 141 790 15,450 2,462.32

Low 222,150 1,650 2,225 31,650 4,625 1,920 7,500 4,275 670 4,300 1,270 760 146 2,325 66 265 240 3,075 2,125 10,550 27,150 1,850 116 1,240 520 7,900 2,525 3,550 15,800 1,510 6,900 8,750 129 720 14,400 2,386.73

Close 22,200 1,670 2,250 32,000 4,675 1,940 7,650 4,300 670 4,375 1,290 780 147 2,375 68 270 245 3,125 2,150 10,700 27,200 1,860 118 1,250 530 8,000 2,550 3,575 15,800 1,520 7,100 8,750 131 740 14,600 2,393.52

Prv Dy 23,500 1,720 2,325 32,900 4,700 2,000 7,650 4,475 680 4,525 1,330 810 154 2,600 71 280 270 3,175 2,225 11,400 27,600 1,890 121 1,280 550 8,200 2,625 3,750 16,450 1,630 7,200 9,050 136 800 15,350 2,461.53

Dy Chg -5.53% -2.91% -3.23% -2.74% -0.53% -3.00% 0.00% -3.91% -1.47% -3.31% -3.01% -3.70% -4.55% -8.65% -4.23% -3.57% -9.26% -1.57% -3.37% -6.14% -1.45% -1.59% -2.48% -2.34% -3.64% -2.44% -2.86% -4.67% -3.95% -6.75% -1.39% -3.31% -3.68% -7.50% -4.89% -2.76%