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For November 13th 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.
Toyota Motor Corp. (TYO:7203)

Beta: 0.92

Bouncing off key support at 3330/3380 had finally pushed daily MACD back up for now. If the
recent structure shaped as a zigzag movement upwards, the stock will eye at 3710 and then 3920
once it clears the resistance at 3670.

Supports are scattered at 3330/3380, 3200, 3140, 2960 and 2810. While the bias is now bullish
judging from the daily scale, weekly MACD is actually falling. Nevertheless, stay bullish while above
3330 for now.
Esprit Holdings Ltd. (HKG:0330)

Beta: 0.92

See-saw between zero level, Esprit’s daily MACD suggests that the outlook remains neutral. Until
one of the extreme points make way (upwards or downwards), the price will be stuck between
57.55 and 50.65. A successful break of support at 50.65 means the price is making a zigzag
downwards with objectives set at 50.25, 48.00, 45.05/50, 43.35 and 41.05.

Alternatively, a breach of 57.55 may lead to a retest of 62 peak and later 62.70. Although barely
seen on the chart, the rise off 28.05 has formed a rising parallel channel. The strategy is to buy
dips towards 45.50, aiming for the aforementioned resistances.
Adaro Energy Tbk. (JSX:ADRO)

Beta: 1.20

Adaro is nearing its all-time high at 1760 as it touched 1660 on Thursday. As seen on the daily
chart, the rise from 1070 has been in a rising wedge formation and is forming a bearish divergence
against its MACD. However, it appears that the stock has renewed its bullish pressure during the
last session as its volume (not shown) shot up and its daily MACD has started to rise again. Thus, it
is likely that the rise will continue in the coming sessions and that setbacks are likely to hold above
1440 at the moment.

Maintain bullish stance on ADRO while holding above 1440 and look to enter long positions. Aim for
the revisit of 1760, the all-time high. Downside, the supports below 1440 are 1370/1380, 1310,
1200 and 1070. Note that the retracement levels at 1380 (23.6%) and 1200 (38.2%) may have to
be re-adjusted should a new high is recorded.
Truba Alam Manunggal Tbk (JSX:TRUB)

Beta: 0.80

If Adaro nearly erased all its losses from the massive fall off 1760, since it fell from 1660 towards
50 TRUB has yet to retrace the losses by 23.6%. At best, it reached 215 in June before it got
knocked back towards 102. Currently at 122, TRUB still looks shaky. Upside has been capped at
137 for now, and although daily MACD is crawling up, unless TRUB manages to leap above 137, the
bearish threat remains. Above 137 we have 150 and 171 as the next objectives on the upside,
while 102/103 is the critical support, followed by 89, the 76.4% retracement of the corrective rally
from 50.

Cautiously bullish on TRUB for now, while it stays above 102. Entering long may require stop below
102, with 136/137, 150, and 171 as the price objectives. The timing of the entry could be set when
the descending blue trendline is broken, signalling that the zigzag move upwards is to be
continued.
MARKET DATA – November 12th 2009
JAPAN - NIKKEI 225 Open High Low Close Prv Dy Dy Chg
Advantest Corp. 2,005 2,015 1,938 1,941 1,975 -1.72%
Canon Inc. 3,450 3,450 3,380 3,410 3,430 -0.58%
Daikin Industries Ltd. 3,280 3,290 3,250 3,270 3,250 0.62%
Honda Motor Co. Ltd 2,910 2,930 2,895 2,905 2,855 1.75%
Kyocera Corp 7,440 7,470 7,340 7,370 7,400 -0.41%
Mitsubishi Estate Co. Ltd 1,344 1,356 1,339 1,343 1,340 0.22%
Nikon Corp 1,730 1,750 1,701 1,711 1,729 -1.04%
Nippon Oil Corp 408 410 404 409 399 2.51%
Nippon Steel Corp 341 342 335 336 338 -0.59%
Nissan Motor Co Ltd 658 671 658 662 653 1.38%
Sony Corp 2,575 2,625 2,555 2,555 2,590 -1.35%
Sumitomo Metal Industries Ltd 234 236 230 232 233 -0.43%
TDK Corp 5,160 5,200 5,080 5,100 5,140 -0.78%
Tokyo Electron Ltd 4,940 5,020 4,840 4,850 4,880 -0.61%
Toyota Motor Corp 3,460 3,560 3,460 3,520 3,430 2.62%
Nikkei 225 9,921.45 9,943.57 9,788.49 9,804.49 9,871.68 -0.68%

HONG KONG - HANG SENG INDEX Open High Low Close Prv Dy Dy Chg
Bank of China 4.80 4.81 4.66 4.68 4.79 -2.30%
Bank of Communications 9.95 10.00 9.68 9.71 9.83 -1.22%
Bank of East Asia 33.05 36.50 32.95 34.05 33.45 1.79%
BOC Hongkong Ltd 19.76 19.84 19.46 19.72 19.56 0.82%
Cathay Pacific Air 13.36 13.36 13.18 13.36 13.12 1.83%
China Construction Bank Corp. 7.13 7.16 7.02 7.03 7.11 -1.13%
China Life Insurance Company Ltd. 39.20 39.25 38.20 38.35 38.95 -1.54%
China Merchants Holdings Co. Ltd. 27.10 27.25 26.40 26.85 26.70 0.56%
China Mobile 75.50 75.80 73.85 74.40 75.55 -1.52%
China Overseas Land & Investment 17.18 17.24 16.78 16.90 17.22 -1.86%
China Petroleum & Chemical Corp. 6.93 6.93 6.82 6.85 6.90 -0.72%
China Resources Enterprise, Ltd. 26.90 26.90 26.35 26.65 26.85 -0.74%
China Shenhua Energy Co. Ltd. 38.40 38.90 37.95 38.30 38.40 -0.26%
China TelecomCorporation Ltd. 3.60 3.60 3.52 3.54 3.59 -1.39%
CITIC Pacific Ltd. 20.65 22.40 20.40 22.25 20.35 9.34%
COSCO Pacific Ltd. 11.28 11.38 11.18 11.28 11.18 0.89%
Esprit Holdings 52.50 54.00 52.35 52.45 53.00 -1.04%
Foxconn International Holdings Ltd. 6.65 6.92 6.65 6.83 6.69 2.09%
Hang Lung Properties Ltd. 30.35 30.75 30.25 30.45 30.70 -0.81%
Henderson Land Development Co. Ltd. 56.00 56.25 55.10 55.40 56.50 -1.95%
HK Electric Holdings Ltd. 41.90 42.00 41.75 41.85 41.85 0.00%
Hong Kong & China Gas Company Ltd. 18.70 18.76 18.50 18.68 18.50 0.97%
Hutchison Whampoa Ltd. 55.30 55.45 54.35 54.50 55.30 -1.45%
Industrial & Commercial Bank of China Ltd. 6.84 6.85 6.65 6.67 6.78 -1.62%
MTR Corporation Ltd. 27.20 27.55 27.20 27.40 27.40 0.00%
New World Development Company Ltd. 16.64 16.90 16.62 16.76 16.94 -1.06%
PetroChina Company Ltd. 10.00 10.20 9.91 10.08 10.12 -0.40%
Ping An Insurance Company of China Ltd. 73.00 73.35 72.00 72.00 72.35 -0.48%
Sino Land Co. Ltd. 14.82 14.92 14.40 14.48 14.80 -2.16%
Wharf Holdings Ltd. 43.30 43.50 41.85 42.00 43.60 -3.67%
Hang Seng Index 22,660.47 22,707.36 22,359.09 22,397.57 22,627.21 -1.01%
Indonesia - Jakarta Stock Exchange Open High Low Close Prv Dy Dy Chg
Astra Agro Lestari Tbk 22,200 22,200 21,900 22,200 22,200 0.00%
Adaro Energy Tbk 1,580 1,660 1,570 1,620 1,550 4.52%
Aneka Tambang (Persero) Tbk 2,250 2,325 2,250 2,250 2,250 0.00%
Astra International Tbk 31,600 32,800 31,500 32,750 31,000 5.65%
Bank Central Asia Tbk 4,800 4,800 4,725 4,800 4,700 2.13%
Bank Negara Indonesia Tbk 1,890 1,970 1,890 1,950 1,880 3.72%
Bank Rakyat Indonesia Tbk 7,350 7,400 7,250 7,300 7,350 -0.68%
Bank Danamon Tbk 4,475 4,475 4,400 4,450 4,450 0.00%
Berlian Laju Tanker Tbk 680 690 670 670 690 -2.90%
Bank Mandiri (Persero) Tbk 4,675 4,750 4,600 4,700 4,650 1.08%
Barito Pacific Tbk 1,350 1,380 1,280 1,340 1,350 -0.74%
Bumi Serpong Damai Tbk 790 790 750 760 790 -3.80%
Bakrie TelecomTbk 133 139 126 131 134 -2.24%
Bumi Resources Tbk 2,400 2,600 2,350 2,400 2,425 -1.03%
Central Proteinaprima Tbk 67 67 65 66 67 -1.49%
Ciputra Property Tbk 280 285 275 280 280 0.00%
Bakrieland Development Tbk 285 295 280 285 290 -1.72%
Indofood Sukses Makmur Tbk 3,100 3,200 3,075 3,125 3,100 0.81%
Indika Energy Tbk 2,175 2,225 2,150 2,200 2,175 1.15%
Indocement Tunggal Prakasa Tbk 11,500 11,600 11,350 11,500 11,350 1.32%
Indo Tambangraya Megah Tbk 24,800 25,300 24,700 25,100 24,600 2.03%
Jasa Marga (Persero) Tbk 1,840 1,850 1,840 1,840 1,840 0.00%
Kawasan Industri Jababeka Tbk 126 133 124 129 125 3.20%
Kalbe Farma Tbk 1,300 1,300 1,270 1,280 1,300 -1.54%
Lippo Karawaci Tbk 620 630 610 630 620 1.61%
PP London Sumatera Tbk 7,750 7,750 7,500 7,550 7,750 -2.58%
Medco Energi International Tbk 2,625 2,700 2,600 2,625 2,625 0.00%
Perusahaan Gas Negara Tbk 3,650 3,675 3,600 3,650 3,675 -0.68%
Tambang Batubara Bukit Asam 14,800 14,950 14,550 14,600 14,700 -0.68%
Holcim Indonesia Tbk 1,600 1,620 1,590 1,590 1,590 0.00%
Semen Gresik (Persero) Tbk 7,200 7,450 7,200 7,350 7,150 2.80%
Telekomunikasi Indonesia Tbk 8,800 8,900 8,800 8,800 8,750 0.57%
Truba AlamManunggal E. Tbk 125 128 122 122 125 -2.40%
Bakrie Sumatra Plantations Tbk 710 740 700 730 710 2.82%
United Tractors Tbk 15,950 16,100 15,650 15,700 15,900 -1.26%
JSX Composite 2,405.13 2,434.01 2,405.13 2,420.28 2,403.88 0.68%

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