For November 20th 2009

Questions and suggestions? Contact me at market.techspeak@gmail.com

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 near-
term. 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 Open High Low Close Prv Dy Dy Chg
Advantest Corp. 2,110 2,125 2,070 2,090 2,095 -0.24%
Canon Inc. 3,440 3,450 3,330 3,350 3,460 -3.18%
Daikin Industries Ltd. 3,240 3,240 3,150 3,210 3,200 0.31%
Honda Motor Co. Ltd 2,840 2,840 2,710 2,740 2,840 -3.52%
Kyocera Corp 7,200 7,210 7,060 7,110 7,280 -2.34%
Mitsubishi Estate Co. Ltd 1,308 1,318 1,255 1,268 1,307 -2.98%
Nikon Corp 1,669 1,677 1,622 1,638 1,659 -1.27%
Nippon Oil Corp 377 381 370 381 377 1.06%
Nippon Steel Corp 321 321 313 316 326 -3.07%
Nissan Motor Co Ltd 640 648 629 639 643 -0.62%
Sony Corp 2,530 2,530 2,450 2,470 2,525 -2.18%
Sumitomo Metal Industries Ltd 223 223 217 220 226 -2.65%
TDK Corp 4,850 4,850 4,660 4,690 4,850 -3.30%
Tokyo Electron Ltd 5,080 5,120 4,960 5,010 4,990 0.40%
Toyota Motor Corp 3,550 3,550 3,430 3,490 3,550 -1.69%
Nikkei 225 9,691.86 9,691.86 9,496.07 9,549.47 9,676.80 -1.32%

HONG KONG - HANG SENG INDEX Open High Low Close Prv Dy Dy Chg
Bank of China 4.83 4.83 4.71 4.73 4.83 -2.07%
Bank of Communications 9.84 9.88 9.68 9.69 9.83 -1.42%
Bank of East Asia 32.45 32.95 32.20 32.65 32.45 0.62%
BOC Hongkong Ltd 19.50 19.50 19.08 19.16 19.24 -0.42%
Cathay Pacific Air 13.58 13.88 13.46 13.80 13.56 1.77%
China Construction Bank Corp. 7.34 7.37 7.11 7.16 7.34 -2.45%
China Life Insurance Company Ltd. 39.00 39.15 38.45 38.60 39.05 -1.15%
China Merchants Holdings Co. Ltd. 26.00 26.05 25.15 25.25 25.55 -1.17%
China Mobile 76.65 77.80 75.95 77.45 76.15 1.71%
China Overseas Land & Investment 17.30 17.30 16.70 16.80 17.10 -1.75%
China Petroleum & Chemical Corp. 6.94 6.98 6.82 6.84 6.88 -0.58%
China Resources Enterprise, Ltd. 25.00 25.65 24.70 25.60 24.65 3.85%
China Shenhua Energy Co. Ltd. 39.45 39.70 38.60 38.85 39.55 -1.77%
China TelecomCorporation Ltd. 3.57 3.60 3.53 3.55 3.58 -0.84%
CITIC Pacific Ltd. 21.15 21.90 21.10 21.40 21.40 0.00%
COSCO Pacific Ltd. 11.60 11.60 11.22 11.22 11.40 -1.58%
Esprit Holdings 53.00 53.40 53.00 53.20 53.40 -0.37%
Foxconn International Holdings Ltd. 6.81 6.85 6.66 6.70 6.89 -2.76%
Hang Lung Properties Ltd. 31.50 31.50 30.70 30.95 31.00 -0.16%
Henderson Land Development Co. Ltd. 55.00 55.25 54.50 54.95 54.45 0.92%
HK Electric Holdings Ltd. 41.95 41.95 41.70 41.85 41.75 0.24%
Hong Kong & China Gas Company Ltd. 18.64 18.74 18.38 18.64 18.32 1.75%
Hutchison Whampoa Ltd. 54.85 54.90 54.05 54.25 54.60 -0.64%
Industrial & Commercial Bank of China Ltd. 7.02 7.02 6.77 6.86 7.03 -2.42%
MTR Corporation Ltd. 27.30 27.30 26.90 26.95 27.00 -0.19%
New World Development Company Ltd. 16.32 16.38 16.10 16.20 16.20 0.00%
PetroChina Company Ltd. 10.22 10.22 10.02 10.08 10.12 -0.40%
Ping An Insurance Company of China Ltd. 72.50 72.75 70.50 71.20 72.80 -2.20%
Sino Land Co. Ltd. 14.24 14.34 14.02 14.24 13.94 2.15%
Wharf Holdings Ltd. 42.20 42.20 41.40 41.50 42.10 -1.43%
Hang Seng Index 22,894.84 23,099.57 22,587.18 22,643.16 22,840.33 -0.86%
 Indonesia - Jakarta Stock Exchange Open High Low Close Prv Dy Dy Chg
Astra Agro Lestari Tbk 22,650 23,100 22,500 22,650 22,800 -0.66%
Adaro Energy Tbk 1,700 1,710 1,670 1,680 1,700 -1.18%
Aneka Tambang (Persero) Tbk 2,425 2,450 2,325 2,375 2,450 -3.06%
Astra International Tbk 34,300 34,300 32,800 33,250 34,250 -2.92%
Bank Central Asia Tbk 4,725 4,750 4,675 4,700 4,725 -0.53%
Bank Negara Indonesia Tbk 1,970 2,000 1,940 1,950 1,980 -1.52%
Bank Rakyat Indonesia Tbk 7,550 7,750 7,550 7,650 7,650 0.00%
Bank Danamon Tbk 4,450 4,500 4,425 4,425 4,450 -0.56%
Berlian Laju Tanker Tbk 680 690 670 680 690 -1.45%
Bank Mandiri (Persero) Tbk 4,825 4,850 4,700 4,725 4,800 -1.56%
Barito Pacific Tbk 1,390 1,400 1,360 1,370 1,390 -1.44%
Bumi Serpong Damai Tbk 760 780 760 770 760 1.32%
Bakrie TelecomTbk 144 151 143 148 146 1.37%
Bumi Resources Tbk 2,625 2,675 2,575 2,625 2,625 0.00%
Central Proteinaprima Tbk 69 77 69 73 70 4.29%
Ciputra Property Tbk 285 285 280 280 285 -1.75%
Bakrieland Development Tbk 290 300 285 285 290 -1.72%
Indofood Sukses Makmur Tbk 3,200 3,225 3,175 3,200 3,200 0.00%
Indika Energy Tbk 2,225 2,225 2,175 2,175 2,225 -2.25%
Indocement Tunggal Prakasa Tbk 11,850 12,050 11,800 11,900 11,800 0.85%
Indo Tambangraya Megah Tbk 27,200 27,200 26,250 26,450 27,000 -2.04%
Jasa Marga (Persero) Tbk 1,890 1,940 1,890 1,900 1,890 0.53%
Kawasan Industri Jababeka Tbk 128 129 124 125 128 -2.34%
Kalbe Farma Tbk 1,300 1,320 1,280 1,290 1,300 -0.77%
Lippo Karawaci Tbk 570 580 550 570 570 0.00%
PP London Sumatera Tbk 8,050 8,050 7,850 7,900 8,000 -1.25%
Medco Energi International Tbk 2,725 2,750 2,675 2,700 2,750 -1.82%
Perusahaan Gas Negara Tbk 3,850 3,875 3,800 3,825 3,875 -1.29%
Tambang Batubara Bukit Asam 15,350 15,350 15,000 15,000 15,350 -2.28%
Holcim Indonesia Tbk 1,670 1,680 1,640 1,650 1,660 -0.60%
Semen Gresik (Persero) Tbk 7,650 7,650 7,400 7,450 7,650 -2.61%
Telekomunikasi Indonesia Tbk 9,000 9,100 9,000 9,000 8,900 1.12%
Truba AlamManunggal E. Tbk 144 156 143 149 145 2.76%
Bakrie Sumatra Plantations Tbk 810 820 790 800 800 0.00%
United Tractors Tbk 15,750 15,850 15,650 15,650 15,700 -0.32%
JSX Composite 2,483.92 2,491.48 2,458.28 2,468.79 2,484.23 -0.62%