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

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