30th April 2012, Monday (DJIA)

DJIA

Uptrend Intact…

Starting of the week, we should look at all the important indices to gauge the market. The DJIA’s uptrend remains intact as the index stayed above the uptrend line and the SMA. Further upward moving is expected with the strong and tough resistance is only being seen at historical high – 14200 level.

For the week, the immediate support is seen at 13000 level, followed by 12500 level and immediate resistance is seen at 13500 level.

FBMKLCI & FKLI

Rebound? Further Downward Pressure?

We should closely monitor the current level for this week as we should get a clearer picture before the end of the week. I will remain my view that long position is more preferred at the moment. For mid to long term trading, any level below 1550 level should serve as a good level to accumulate long position.

For the week, the immediate support is seen at 1560 level, followed by 1545 level (strong and reliable level) and the immediate resistance is seen at 1580 level, followed by 1590 level.

FCPO

Monitor Closely @ 3500 Level!

It is important for the FCPO to stay above the 3500 level and I will maintain my view that if 3500 level is able to be sustained, it is a good level to initiate long position with stop loss level being set around 3470 level. This is a level that worthwhile to take a risk.

For the week, the immediate support is seen at 3450 level, followed by 3400 level and immediate resistance is seen at 3519 level, followed by 3550 level.

Disclaimer:

The information herein was obtained or derived from the source that I believed are reliable. No liability can be accepted for any loss that may arise from the use of this report. All opinions and estimates included in this report constitute my judgment as of this date, not an invitation to buy and are subject to change without further notice.

27th April 2012, Friday (Digi)

Digi

Last Done: RM4.06

The stock stage a rebound at the SMA 100 level and created a strong base around RM3.90 – RM4.00 level. Investors can accumulate position with the stop loss level being set around RM3.86 level and first profit taking level at RM4.30.

Immediate support is seen at RM3.90, followed by RM3.50 and immediate resistance is seen at RM4.30, followed by RM4.60 level.

FKLI

Re-gaining Posture above the SMA 50?

The FKLI is re-challenging the SMA 50 (1579 level), so long as this level is able to be taken over, the overall uptrend remains positive. For risk taker investors, if the FKLI staying above the 1579 level, it is worthwhile to take the risk and initiate long position with stop loss level being set around 1570 level and first profit taking level being set around 1595 level.

The immediate support is seen at 1550 level, followed by 1560 level and the immediate resistance is seen at 1580 level, followed by 1590 level.

FCPO

Monitor Closely – 3500 Level!

It is important for the FCPO to stay above the 3500 level and I will maintain my view that if 3500 level is able to be sustained, it is a good level to initiate long position with stop loss level being set around 3470 level. This is a level that worthwhile to take a risk.

The immediate support is seen at 3450 level, followed by 3400 level and immediate resistance is seen at 3505 level, followed by 3550 level.

Disclaimer:

The information herein was obtained or derived from the source that I believed are reliable. No liability can be accepted for any loss that may arise from the use of this report. All opinions and estimates included in this report constitute my judgment as of this date, not an invitation to buy and are subject to change without further notice.

26th April 2012, Thursday (harvest)

Harvest

Last Done: RM0.54

Too many investors are asking about this stock, thus, I decided to cover this stock today. Basically, not much to expect from the stock as the stock is expected to resume its downward consolidation. If investors are holding the stock, it is advisable that investors should set your stop loss around the RM0.50 level as dropping below this level will indicate the free fall of the stock until RM0.10 level.

Immediate support is seen at RM0.50, followed by RM0.30 and immediate resistance is seen at RM0.60, followed by RM0.85 level.

FKLI

Re-gaining Posture above the SMA 50?

The FKLI is re-challenging the SMA 50 (1579 level), so long as this level is able to be taken over, the overall uptrend remains positive. For risk taker investors, if the FKLI staying above the 1579 level, it is worthwhile to take the risk and initiate long position with stop loss level being set around 1570 level and first profit taking level being set around 1595 level.

The immediate support is seen at 1550 level, followed by 1560 level and the immediate resistance is seen at 1580 level, followed by 1590 level.

FCPO

Monitor Closely – 3500 Level!

It is important for the FCPO to stay above the 3500 level and I will maintain my view that if 3500 level is able to be sustained, it is a good level to initiate long position with stop loss level being set around 3470 level. This is a level that worthwhile to take a risk.

The immediate support is seen at 3450 level, followed by 3400 level and immediate resistance is seen at 3505 level, followed by 3550 level.

Disclaimer:

The information herein was obtained or derived from the source that I believed are reliable. No liability can be accepted for any loss that may arise from the use of this report. All opinions and estimates included in this report constitute my judgment as of this date, not an invitation to buy and are subject to change without further notice.

25th April 2012, Wednesday (DJIA)

DJIA

Hovering Around the Important Level – 13000!

The index is trying to sustain above the important level - 13000 level, so long as this level can be sustained, the index is expected to move further towards north. Investors can take this level as a reference level for our own market. Immediate support is seen at 12900, followed by 12800 and immediate resistance is seen at 13085 level, followed by 13100 level.

FKLI

Important Support – 1560 Level!

The FKLI will need to regain its posture above the SMA 50 (1579 level) as soon as possible to avoid the obvious downward pressure. If the above level is not able to be held, short position may be called. However, it is still at its early stage for us to make a firm decision, thus, we will monitor accordingly and waiting for opportunity to initiate fresh position.

The immediate support is seen at 1560 level, followed by 1550 level and the immediate resistance is seen at 1580 level, followed by 1590 level.

FCPO

Minor Downside Risk Increasing…

The downside risk is increasing at the moment, however, this pullback is expected to be minor with the reliable support level being seen at Fibonacci level of 50% (3350). Please be reminded that although the downside risk is increasing, it did not give us the opportunity to initiate short position as the overall trend remains uptrend.

The immediate support is seen at 3450 level, followed by 3400 level and immediate resistance is seen at 3505 level, followed by 3550 level.

24th April 2012, Tuesday (jCY)

JCY

Last Done: RM1.47

Those who are having the stock, more upside are expected, especially if the stock is able to take over the recent high – RM1.50 level. Investors will need to monitor closely for the above level and any new position initiation should set you stop loss level around RM1.25 and first profit taking level at around RM1.80.

Immediate support is seen at RM1.26, followed by RM1.00 and immediate resistance is seen at RM1.50, followed by RM2.00 level.

FKLI

Cautious!

There are some obvious weaknesses (trading below the SMA 20, SMA 30 & the uptrend line) for the FKLI, thus, investors will need to take extra cautious as this may be the start of the downward trading that we are looking at. However, it is still in the early stage for us to make a firm conclusion, we will monitor accordingly and firmer conclusion can be made the earliest by the end of the week.

The FKLI will need to regain its posture above the SMA 50 as soon as possible to avoid the obvious downward pressure. If the above level is not able to be held, short position may be called.

The immediate support is seen at 1560 level, followed by 1550 level and the immediate resistance is seen at 1580 level, followed by 1590 level.

FCPO

Testing the Important Level – 3500!

The FCPO is testing its important resistance level – 3500! If the FCPO successfully taking over the 3500 level, it should serve as a good level to initiate long position with stop loss level being set around 3470 level. This is a level that worthwhile to take a look.

The immediate support is seen at 3450 level, followed by 3400 level and immediate resistance is seen at 3505 level, followed by 3550 level.

Disclaimer:

The information herein was obtained or derived from the source that I believed are reliable. No liability can be accepted for any loss that may arise from the use of this report. All opinions and estimates included in this report constitute my judgment as of this date, not an invitation to buy and are subject to change without further notice.

23rd April 2012, Monday (uEM Land)

UEM Land

Last Done: RM2.02

Red Alert! This stock is showing obvious weakness with the price trading below the Bollinger middle band coupled with the widening in the upper and lower band. Immediate important support is seen at RM2.00 (psychological level and Fibonacci level of 23.6%), thus, investors who are holding the stock will need to cut your position/ take profit if the RM2.00 level not able to be held.

Immediate support is seen at RM2.00, followed by RM1.55 and immediate resistance is seen at RM2.50, followed by RM3.00 level.

FKLI

Tight Range Trading…

The FKLI is expected to resume its tight range trading (1584 – 1600) for the week. I will remain my view that any weakness should serve as an opportunity to accumulate long position with stop loss level being set around 1580 level.

For the week, the immediate support is seen at 1584 level (SMA 30), followed by 1570 level (SMA 50) and the immediate resistance is seen at 1600 level, followed by 1620 level.

FCPO

Re-gaining above the Important Level – 3500!

The FCPO is testing its important resistance level – 3500! If the FCPO successfully taking over the 3500 level, it should serve as a good level to initiate long position with stop loss level be set around 3480 level.

For the week, the immediate support is seen at 3450 level, followed by 3400 level and immediate resistance is seen at 3505 level, followed by 3550 level.

Disclaimer:

The information herein was obtained or derived from the source that I believed are reliable. No liability can be accepted for any loss that may arise from the use of this report. All opinions and estimates included in this report constitute my judgment as of this date, not an invitation to buy and are subject to change without further notice.

20th April 2012, Friday (top glove)

Top Glove

Last Done: RM4.40

This should not serve as a level for investors to accumulate position as the stock not even manages to take over the SMA 20. This may be a temporary technical rebound only, thus, investors will need to pay extra attention at the current level.

Besides, there are two tough resistances that the stock is about to face, first is being located at RM4.60 (SMA 30 & Fibonacci level of 50%) and second level is being located at RM4.75 (SMA 100, SMA 200 & Fibonacci level of 61.8%), thus, those risk taker investors who wanted to have the stock will need to think twice and accumulate position for short term trading only.

We will look at UEM Land next Monday as the stock is showing some obvious weakness that attract our attention.

FKLI

Tight Range Trading…

The FKLI is expected to resume its tight range trading (1584 – 1600), at least for today as not much cue from the overnight DJIA.

I will remain my view that any weakness should serve as an opportunity to accumulate long position with stop loss level being set around 1580 level.

The immediate support is seen at 1584 level (SMA 30), followed by 1570 level (SMA 50) and the immediate resistance is seen at 1600 level, followed by 1620 level.

FCPO

Supporting above the SMA 30?

It is showing some signals that the FCPO may able to support above the SMA 30 and re-challenge the 3500 level. This level may serve as a good level to initiate long position with stop loss level being set around 3450 level and first profit taking level being set around 3500 level.

The immediate support is seen at 3450 level, followed by 3400 level and immediate resistance is seen at 3505 level, followed by 3550 level.

Disclaimer:

The information herein was obtained or derived from the source that I believed are reliable. No liability can be accepted for any loss that may arise from the use of this report. All opinions and estimates included in this report constitute my judgment as of this date, not an invitation to buy and are subject to change without further notice.

19th April 2012, Thursday (airasia)

Airasia

Last Done: RM3.46

There are a few queries on this stock as investors wanted to understand whether they can accumulate the stock for short term trading. Basically, I will say “Yes” for risk taker investors only and risk averse investors should only start to initiate position if the stock break through the SMA 200 (RM3.57).

Any initiation of position should set the stop loss level around RM3.25 with first profit taking level being set around RM3.80.

Immediate support is seen at RM3.40 (Fibonacci level of 50%), followed by RM3.25 and immediate resistance is seen at RM3.60, followed by RM3.90 level.

FKLI

Still Need to Wait Patiently for the 1600 Level!

The FKLI seems struggling to stay above the 1600 level, however, it should not experience major retracement as the 1584 level should serve as a good support level for now.

I will remain my view that any weakness should serve as an opportunity to accumulate long position with stop loss level being set around 1584 level.

The immediate support is seen at 1584 level (SMA 30), followed by 1570 level (SMA 50) and the immediate resistance is seen at 1600 level, followed by 1620 level.

FCPO

3500 Level Becomes a Resistance Level?

The FCPO still struggles to leap above the important level that we are looking at – 3500! Whether this level will become a resistance level or support level, it is too early for us to make a firm conclusion at the moment. Investors can either choose to stay on bay or take a risk by initiating long position on the expectation that the 3500 level will be an important support level.

The immediate support is seen at 3450 level, followed by 3400 level and immediate resistance is seen at 3505 level, followed by 3550 level.

Disclaimer:

The information herein was obtained or derived from the source that I believed are reliable. No liability can be accepted for any loss that may arise from the use of this report. All opinions and estimates included in this report constitute my judgment as of this date, not an invitation to buy and are subject to change without further notice.