30th November, Friday (Pos Malaysia)

Pos Malaysia

Last Done: RM3.12

The overall technical landscape for the stock started to show more positive move moving forward as the stock is currently trading above the Bollinger middle band while the upper and lower band is widening. Besides, the RM3.00 becomes the immediate reliable support level as this is where the SMA 100 & psychological level being located. Any new position initiation can take the above mentioned level as a reference level.

The immediate support is seen at RM3.00, followed by RM2.60 and the immediate resistance is seen at RM3.40, followed by RM3.90.

FKLI

1600 – Remains as Reliable Support Level…

I am still in the view that it is worthwhile to take a risk and initiate long position at current level, however, stop loss level definitely need to be in placed as well as no one will able to predict the market and we should trade following the market direction. Any position initiation can set your stop loss level around 1600 level.

The immediate support is seen at 1600 level, followed by 1590 level and the immediate resistance is seen at 1620 level, followed by 1630 level.

FCPO

Range Trading Resume…

We should see the FCPO to resume its range trading of 2250 to 2450 levels. Provided the SMA 30 (2460) is being taken out convincingly, then only we will see the FCPO to trade into the next range of 2450 to 2650 level.

Above mentioned bands can be taken as a good reference level for any position initiation with tight stop loss being placed around the mentioned level (initiate short position when the FCPO approaching 2450 level; accumulate long position when the FCPO approaching 2250 level).

The immediate support is seen at 2350 level, followed by 2300 level and the immediate resistance is seen at 2400 level, followed by 2450 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.

29th November, Thursday (FBMKLCI)

FBMKLCI

Today, let us have a view on the overall market since the index is approaching its important support level. Will this be the starting of the bear market since the index has dropped below its important support level - SMA 200 level. In my view, the probability is lower as this is the level that never being taken out for the year. Besides, this level is a reliable support level as the SMA 200, Fibonacci level of 78.6% and psychological level are located around the 1600 level.

As the index staged a strong rebound yesterday, we should see this level remains as a reliable support level, at least for now. So long as the index can leap above the SMA 200 (1608), the downside risk will definitely reduce. However, in trading environment, always remember to have proper trading plan (ie: your stop loss level) in place since nothing is impossible in investment environment.

The immediate support is seen at 1600 level, followed by 1590 and the immediate resistance is seen at 1620, followed by 1630 level.

FKLI

1600 – Remains as Reliable Support Level?

It is too early at this stage to speculate whether this level can be supported or not, investors should trade with proper stop loss level. I am still in the view that this is a level that is worthwhile to take a risk and initiate long position, however, stop loss level definitely need to be in placed as well as no one will able to predict the market and we should trade according to the market.

The immediate support is seen at 1600 level, followed by 1590 level and the immediate resistance is seen at 1620 level, followed by 1630 level.

FCPO

Range Trading – 2250 to 2450 Levels!

The FCPO is expected to re-challenge its SMA 30 level, if SMA 30 is not able to be taken over convincingly, we should see the FCPO to trade within the band of 2250 to 2450. Provided the SMA 30 (2460) is being taken over convincingly, only we will see the FCPO to trade into the next range of 2450 to 2650 level.

Above mentioned bands can be taken as a good reference level for any position initiation with tight stop loss being placed around the mentioned level (initiate short position when the FCPO approaching 2450 level; accumulate long position when the FCPO approaching 2250 level).

The immediate support is seen at 2350 level, followed by 2300 level and the immediate resistance is seen at 2400 level, followed by 2450 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.

28th November, Wednesday (iJM)

IJM

Last Done: RM4.88

The stock will need to regain its posture above the RM4.95 – RM5.00 levels, else, the stock will face with increasing downside risk. The reliable support level is located at the above mentioned level, if it is not being supported, we should see the stock to have a tough resistance level at RM5.00.

The immediate support is seen at RM4.40, followed by RM4.00 level and the immediate resistance is seen at RM5.00, followed by RM5.60 level.

FKLI

1600 – Sustainable?

It is too early at this stage to speculate whether this level can be supported or not, investors should trade with proper stop loss level. I am still in the view that this is a level that is worthwhile to take a risk and initiate long position, however, stop loss level definitely need to be in placed as well as no one will able to predict the market and we should trade according to the market.

The immediate support is seen at 1590 level, followed by 1580 level and the immediate resistance is seen at 1620 level, followed by 1630 level.

FCPO

Range Trading – 2250 to 2450 Levels!

The FCPO is expected to re-challenge its SMA 30 level, if SMA 30 is not able to be taken over convincingly, we should see the FCPO to trade within the band of 2250 to 2450. Provided the SMA 30 (2460) is being taken over convincingly, only we will see the FCPO to trade into the next range of 2450 to 2650 level.

Above mentioned bands can be taken as a good reference level for any position initiation with tight stop loss being placed around the mentioned level (initiate short position when the FCPO approaching 2450 level; accumulate long position when the FCPO approaching 2250 level).

The immediate support is seen at 2400 level, followed by 2350 level and the immediate resistance is seen at 2450 level, followed by 2500 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 November, Tuesday (tM)

TM

Last Done: RM5.34

The stock is approaching its important support at the current level (SMA 200 & Fibonacci level of 78.6%). Provided this level can be supported, else, we should see the stock to retrace further towards RM4.55 (Fibonacci level of 61.8%). Investors who are holding the stock should closely monitor the above mentioned level.

The immediate support is seen at RM5.00, followed by RM4.55 level and the immediate resistance is seen at RM6.00, followed by RM6.40 level.

FKLI

Approaching the Level We are Looking at – 1600!

As mentioned, the 1600 level (SMA 200 & psychological level) remains as a reliable support level. Investors can take a risk by initiating long position as this risk is worthwhile to take with stop loss level being placed around 1590 level.

The immediate support is seen at 1600 level, followed by 1580 level and the immediate resistance is seen at 1620 level, followed by 1630 level.

FCPO

Range Trading – 2250 to 2450 Levels!

Since another failed attempt, as mentioned, if SMA 30 is not able to be taken over convincingly, we should see the FCPO to trade within the band of 2250 to 2450. Provided the SMA 30 (2460) is being taken over convincingly, only we will see the FCPO to trade into the next range of 2450 to 2650 level.

Above mentioned bands can be taken as a good reference level for any position initiation with tight stop loss being placed around the mentioned level (initiate short position when the FCPO approaching 2450 level; accumulate long position when the FCPO approaching 2250 level).

The immediate support is seen at 2400 level, followed by 2350 level and the immediate resistance is seen at 2450 level, followed by 2500 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.