Announcement: Please be informed that the market will be closed for tomorrow (1st February 2013) in tandem with the celebration of Federal Territory Day.
FBMKLCI
No matter what, with the increasing of downside risk, investors will need to take profit along the way.
The immediate important support will be SMA 200 (1625), a level that never being taken over for the past one year. If the SMA 200 level will not able to be supported, more downside trading is expected, especially if the 1600 level is not able to be supported.
The immediate important support will be SMA 200 (1625), a level that never being taken over for the past one year. If the SMA 200 level will not able to be supported, more downside trading is expected, especially if the 1600 level is not able to be supported.
The immediate support will be 1625, followed by 1600 level (psychological level) and the immediate resistance is 1630, followed by 1640 level.
FKLI
Short Position Preferred
Investors should remain to look for opportunity to initiate short position instead of long position. Any long position initiation should try to avoid holding through the long weekend or long holiday. The SMA 200 (1623) & 1600 remains as an important support level, failure for the 1600 level to be supported, more downside is expected.
The immediate support is seen at 1620 level, followed by 1600 and the immediate resistance is seen at 1630, followed by 1640 level.
FCPO
Immediate Resistance – 2520 Level!
The immediate resistance will be 2520 (recent high), taking over this level will lead the FCPO to trade towards the tough resistance level – 2600.
The FCPO is expected to hover around the 200 points range (2400 to 2600). Provided the 2600 level (SMA 100) can be taken over convincingly, only we should see the FCPO to re-challenge the 2900 level (SMA 200).
Not much to be expected as the FCPO will remain in the range of 2600 to 2400 levels. The immediate support is seen at 2450 level, followed by 2400 level (SMA 30) and the immediate resistance is seen at 2520 level, followed by 2600 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.
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