12th September 2011, Monday - Weekly Market Outlook

Summary for the Week

For detail report, please click here.

	Stock	Futures
		FKLI	FCPO
Today Strategy & Stock Pick	For Risk Taker Stock: Airasia: If the stock breaks through RM3.50.	Risk Taker: Hold on to previous short position but scale down and take profit. Risk Averse: Take profit whenever the FKLI dropped below 1450 level.	Risk Taker: Hold on to previous long position and accumulate further long if the FCPO breaks through the sideway range (3070 level). Risk Averse: Can initiate long position.
	For Risk Averse Stock: Airasia: If the stock breaks through RM3.50.
Stop Loss	RM3.28	Revised lower to 1490 level.	Risk Taker: Revised upward: 2950 level Risk Averse: Around 3017 level
Market Direction	KLCI: Downtrend	Downtrend	Uptrend is expected
Support & Resistance level	KLCI: S1: 1464 S2: 1450 R1: 1474 R2: 1489	Support: S1: 1450; S2: 1427	Support: S1: 3037; S2: 3000
		Resistance: R1: 1467; R2: 1492	Resistance: R1: 3070; R2: 3164
Initial Margin	-	RM5000	RM7000
World News	Crude oil dropped nearly USD2 per barrel. Juergen Stark resigned to the European Central Bank. Jobless claim rise in US.