Wednesday 30 November 2011

1st December 2011, Thursday (CIMB)

CIMB

Average Down at this Level?

For those investors who bought the stocks previously, especially at a price higher than the current level, the answer for the above question will be “Yes”, especially if the stock able to leap above the Fibonacci level of 23.6% and SMA 30 (RM7.15) convincingly. Immediate support is seen at RM7 and immediate resistance is seen at recent high (RM7.58).


FKLI

Uptrend Confirmed?

Regardless what made the market trending upward, we will just need to follow the market direction and our plan accordingly. With the convincing break yesterday and if the FKLI is able to be supported for today, the probability of the changing in market direction will be high.
No matter what, investors should follow your plan closely, especially any stop loss set. I shall cover in detail on the FKLI tomorrow as today market movement will provide us with a clearer near term market direction. Immediate support is seen at 1445 level and immediate resistance is seen at 1481 level, followed by 1490 level.


FCPO

Short Position More Convinced!

Further short position can be committed if the 3000 unable to be sustained! As per mentioned yesterday, if the Fibonacci level of 23.6% unable to be sustained, the FCPO might face with another round of sharp fall and trade between 3037 level to 2750 level. Investors can closely monitor the above mentioned levels.
If the 3000 level is able to be maintained, risk taker investors can take profit for your position and less with a smaller position to ride on the profit. Immediate support is seen at 3000 level, followed by 2950 level and immediate resistance is seen at 3040 level, followed by 3100 level.


Tuesday 29 November 2011

30th November 2011, Wednesday

FBMKLCI

Immediate Resistance – 1453 Level!

The index will need to take over the 1453 level to avoid itself from creating a lower high. Besides, sustaining above the 1453 level will give the index a higher probability that it will take over the SMA 20 in the near future, else, the index will resume its downward trading.
Immediate support is seen at 1433 level, followed by 1420 level and immediate resistance is seen at 1453 level, followed by 1460 level.
I shall cover CIMB stock tomorrow as this may be the starting of the rebound after recent dropped.



FKLI

Breaking above SMA 20?

The FKLI unable to sustain above the SMA 20 yesterday and closed lower, I will not say that the futures will not able to take over the SMA 20, however, the chances will be slimmer. Risk taker investors should remain initiating short position (even for intraday) for any level above 1450 with stop loss level being set around 1460 level.
Immediate support is seen at 1429 level, followed by 1410 level and immediate resistance is seen at 1445 level, followed by 1455 level.


FCPO

Confirmation by the end of Today…

We shall have a confirmation at the end of today for the near term direction of FCPO as the FCPO has been trading below the SMA 20 for the past 2 days. My opinion will skew towards short position, especially if the FCPO is trading near to the SMA 20. Risk taker investors should remain your short position.
Immediate important support level is seen at 3040 level, if this level is not able to be sustained, the FCPO may have another round of sharp fall and trading between the Fibonacci ranges of 23.6% to the recent low. Immediate resistance is seen at 3100 level.




Monday 28 November 2011

29th November 2011, Tuesday

Announcement:-

Certain questions with answers as per below, those questions needed in detail explanation have been compiled and sent to your respective email yesterday. If you do not receive it, please drop me an email.

1)      There are request to have the photos that we have taken during the seminar. I will select and get a way to put up on my blog during the last 2 weeks of December.
2)      There are request that all our seminars to be published on my blog, I will do so starting 1st of January 2012.

FBMKLCI

Hovering Around SMA 50…

The FBMKLCI will resume its trading around the SMA 50 (1433 level) and investors can closely monitor this level for any individual stock initiation. The index will remain in these 30 points of trading range until either direction is being taken out convincingly.
For the week, immediate support is seen at 1419 level, followed by 1400 level and immediate resistance is seen at 1433 level, followed by 1453 level.


FKLI

Immediate Support is Seen at 1410 Level!

Further downside is expected, thus, investors (risk takers investors) should take the opportunity to initiate short position on any rebound today, especially on any rebound above the 1440 level.
For the week, the immediate support is seen at 1410 level, followed by 1400 level and immediate resistance is seen at 1429 level, followed by 1445 level.


FCPO

Downtrend Confirmed?

Last Friday, FCPO for the first time dropped below SMA 20 (3094) after the breakout a month ago. Will this indicate further downtrend is expected? Investors can closely monitor and take this level as a reference level. I should cover in detail on Thursday. Risk averse investors can remain holding your short position.
For the week, immediate support is seen at 3036 level, followed by 3000 level and immediate resistance is seen at 3100 level, followed by 3150 level.


Thursday 24 November 2011

25th November 2011, Friday

FBMKLCI

Sustainable?

Yesterday the FBMKLCI closed at its day’s high and sustaining above the SMA 50 level. As the index is approaching the tough resistance level at 1453, we shall have a close monitoring of the index for today and will cover a detail analysis in my next Tuesday’s report.
Investors should be cautious as the US market will resume after a day off for Thanksgiving celebration. Market should remain volatile for today ahead of the long weekend.
Immediate support is seen at 1433 (SMA 50) and immediate resistance is seen at 1453 level (Fibonacci level of 50%).
Remarks: Market will be closed on Monday (28th November 2011) in accordance with the Awal Muharam’s celebration.


FKLI

Initiate Short Position?

I would say “yes” with the stop loss level being placed around 1455 level as the probability of trading towards south is higher. Yesterday upward trading, especially during the 11th-hour was mostly cause by short covering. Besides, with the important resistance level at 1445 – 1450 levels (Fibonacci level of 50%), I would say that the resistance is considered tough at the moment.
Immediate support is seen at 1429 level (SMA 50) and immediate resistance is seen at 1450 level.


FCPO

Ready to Initiate Further Short Position…

Investors can initiate further short position if 3090 (SMA 20) is convincingly being taken over as the downtrend may resume until 3040 level or even breaking below the 3000 level. For risk takers investors, investors can just hold on to your short position and get ready to initiate further short position if the 3090 level is being taken over convincingly (however in a smaller scale).
Immediate support is seen at 3090 level, followed by 3040 level (Fibonacci level of 23.6%) and immediate resistance is seen at 3150 level.


Wednesday 23 November 2011

24th November 2011, Thursday

FBMKLCI

Taking Over SMA 50…

The index will take over the SMA 50 today after 3 days of hard effort to sustain above the SMA 50 (in accordance with the tumbled in DJIA overnight). I reiterate, investors should not commit any individual stocks at this level and further downside trading is expected.
Immediate support is seen at 1419 level (Fibonacci level of 38.2%), followed by 1400 level and immediate resistance is seen at 1433 level.
Reminder: US market will close for today in accordance with the Thanksgiving Day celebration.


FKLI

Ride on the Profit…

Investors should remain riding on the profit as the downtrend has confirmed, especially when the SMA 50 for the underlying is going to be taken over convincingly. We may see the cash hovering around the Fibonacci level of 38.2% for a while before it is being taken over convincingly. Investors can take the opportunity to accumulate short position with first batch of profit eyeing around 1380 level.
Immediate support is seen at 1410 level, followed by 1400 level. Immediate resistance is seen at 1428 level. Intraday trading range is expected to be around 1400 – 1420 levels.


FCPO

Pull Back Confirmed!

The FCPO is facing its tough resistance at the SMA 200 & Fibonacci level of 38.2% and the pullback can be confirmed after the FCPO is trading below the above mentioned level for the past 3 days. What should investors do? For the remaining of the week, investors can just initiate Short position on any rebound towards 3200 level.
Immediate support is seen at 3150 level, followed by 3100 level and immediate resistance is seen at 3207 level.


Tuesday 22 November 2011

23rd November 2011, Wednesday

FBMKLCI

Reliable Support? – SMA 50

The KLCI is trying to support above the SMA 50 (1434 level), however, investors should take extra cautious as this is not a strong support level. Strong support level can only be seen at 1400 – 1380 levels. Overall, the market remains in retracement stage with the immediate support is seen at 1434 level, followed by 1419 level (Fibonacci level of 38.2%). Immediate resistance is seen at 1453 level.


FKLI

Regain its Posture Above SMA 50?

FKLI is currently trading below the SMA 50, different from its underlying (trading above the SMA 50). Will the futures able to regain its posture above the SMA 50 or it is indicating that the underlying will follow suit and trade below the SMA 50 before the end of the week? The answer will be released by the end of today as it should give us a confirmation today.
What should investors do? Investors can remain riding on the profit and keep your stop loss level at 1430 level. For intraday investors, the range for trading will be 1410 – 1430 level.


FCPO

Immediate Tough Resistance – 3211 Level!

There is some weakness that might indicate the immediate tough resistance level at SMA 200 is formidable and we shall get the confirmation before the end of the week. For risk taker investors, this may provide you with the opportunity to initiate your short position (for mid-term trading) when the FCPO stages a rebound today in accordance with the overnight surged in soyoil, especially any level above 3200 level.
For risk averse investors, investors should remain intraday trading in favor of short position. Immediate support is seen at 3180 level and immediate resistance is seen at 3211 level.


Monday 21 November 2011

22nd November 2011, Tuesday

Announcement
Initially I decided to compile and publish the Q & A today (for Learn the Correct Trading Techniques Now’s class), however, there are still incoming email and further questions being asked. I decided to postpone and will only release next Monday (although is a public holiday). Whoever will like to ask further questions, please submit prior to this Friday, 6pm. I will compile and release one off.

FBMKLCI

Will 1400 Level Well Supported?

I will not speculate on the above question as I will only follow the market, however, the retracement has been confirmed after yesterday’s closed. However, I perceive this retracement as a healthy pullback (so long as the index will not trade below 1310 level). Provided the index can create a higher low, then only the firm uptrend (rather than technical rebound) can be confirmed.
I reiterate, is my style not to recommend any stock if the overall market trend is heading towards south side. However, from time to time, we will analyze certain stocks in detail for respective individual stocks’ market direction. Immediate support is seen at 1419 level and immediate resistance is seen at 1434 level (SMA 50).


FKLI

Hold on to your Short Position…

There are 2 things that investors can do:-
1)      Those who are having more overnight position can choose to take the 2nd batch of profit at any level near to/ below 1400 level.
2)      For those who left with not much of contracts can ride on the profit but revise your stop loss lower to 1430 level.
The retracement will resume as the weakness is confirmed and we shall have a detail analysis once the FKLI trades below the 1350 level. At this juncture, is still early to judge whether the FKLI will suffer a retracement or will fall into a bear market.
Immediate support is seen at 1410 level, followed by 1400 level and immediate resistance is seen at 1430 level.



FCPO

Remain Hovering Around the Tough Resistance Level – SMA 200 & Fibonacci Level of 38.2%!

The FCPO remains hovering around the above mentioned level without a clear direction being shown. Investors, especially risk averse investors should remain intraday trading in favor of SHORT position (especially if the FCPO is approaching 3200 level).
Immediate support is seen at 3180 level and immediate resistance is seen at 3213 level.


Sunday 20 November 2011

21st November 2011, Weekly Market Outlook

Summary


For detail, please click here.

Announcement
There are some questions being raised after the 19th November class, I will compile and publish it tomorrow as most of the questions are quite similar. However, well done as those questions are very detail and it shows that you are really doing your revision after the class. Keep up your good job!


Stock
Futures
FKLI
FCPO
Today Strategy & Stock Pick

For Risk Taker Stock:
-
Risk Taker:
Can get ready to initiate short position once the KLCI took over the 1450 level convincingly.
Risk Averse:
Remain intraday trading until a clear direction being shown.
Risk Taker:
Remain intraday trading until a clear direction being shown.
Risk Averse:
Remain intraday trading until a clear direction being shown.
For Risk Averse Stock:
-
Stop Loss
-
Risk Taker:
Remaining contracts – 1455 level.
Risk Averse:
-
Risk Taker:
-
Risk Averse:
-
Market Direction
KLCI: Might be the starting of downtrend.
Might be the starting of downtrend.
Hovering around 3216 level without a clear direction being shown yet.
Support & Resistance level

 KLCI:
S1: 1453
S2: 1435
R1: 1469
R2: 1487
Support:
S1: 1431; S2: 1420
Support:
S1: 3200; S2: 3150
Resistance:
R1: 1464; R2: 1481
Resistance:
R1: 3250; R2: 3300

Thursday 17 November 2011

18th November 2011, Friday

Have a nice weekend ahead! Those who are attending my class, see you tomorrow.

FBMKLCI

The Starting of Downward Trending?

The FBMKLCI for the first time (after a month of surging above the SMA 20) is trading below the SMA 20, we should have a confirmation today on whether the weakness has set in and I shall cover in my next Monday’s weekly market outlook.
Will this be the end of the technical rebound? Shall we start to look at selling the individual stock? I shall cover the above question during my next weekly market outlook. Immediate support is seen at 1453 level and immediate resistance is seen at 1468 level.


FKLI

Short Position – In Favor…

More convince short position! With the underlying trading below the SMA 20, our short position will be more convince at the moment. We shall stick to our initial plan – take first batch of profit around 1450 level and let the remaining position to ride on the profit (if the 1450 level being taken over convincingly).
Immediate support is seen at 1445 level and immediate resistance is seen at 1464 level.


FCPO

Crucial Moment…

The FCPO went all the way up and trading above the 3250 level but closed below the important and tough resistance level – 3217 level (SMA 200 & Fibonacci level of 38.2%). Investors should closely monitor this level and take this level as a reference level for any new position initiation.
What should investors do? I will prefer short position rather than long position at this level and stop loss point can be placed at recent high – 3266 level.
Immediate support is seen at 3200 level, followed by 3180 level and immediate resistance is seen at 3217 level, followed by 3250 level.


Wednesday 16 November 2011

17th November 2011, Thurday (CIMB)

CIMB

Last Done: RM7.06

CIMB started to show some weakness from technical perspective by breaking below the SMA 20 and the SMA 20 also started to turn south, what shall investors do?
For short term trading investors, this is not the level for you to average down. Average down can only be used if rebound set in and a higher low created. So long as the price did not hit your stop loss level, just leave it. If the stock price able to create a higher low below RM7 and the stock rebounded, then, investors can choose to average down on any level below RM7.
Immediate support is seen at RM7, followed by the recent low of RM6.60 and immediate resistance is seen at RM7.13 level.


FKLI

Eyeing for Short Position…

I remain yesterday’s call – if the FKLI unable to sustain above the 1462 level convincingly, investors can take the opportunity to initiate short position with the stop loss level being placed around 1470 level. Investors can take the first batch of profit around the 1450 level and ride on the downtrend if the 1450 level is being taken over convincingly.
Immediate support is seen at 1462 level, followed by 1470 level and immediate resistance is seen at 1481 level.


FCPO

Closure Monitoring of 3225 Level!

The FCPO has taken over the 3225 level yesterday and we should have a clear confirmation by tomorrow. Currently, the FCPO yet to show any turning signal and so long as the 3225 level can be supported, the FCPO should move further towards north.
Investors will need to closely monitor this level for any fresh position initiation. Stop loss level shall be placed according to your risk reward ratio.
Immediate support is seen at 3220 level, followed by 3200 level and immediate resistance is seen at 3250 level, followed by 3300 level.