Wednesday 14 August 2013

15th August, Thursday (Tenaga)


Tenaga

Last Done: RM8.99

The stock will need to take over the RM9.00 for further uptrend to set in. Provided this level can be taken over convincingly, else, nothing much can be expected as the stock is expected to hover around the RM9.00 to RM8.60 (strong support – SMA 50).
The immediate support is seen at RM8.60, followed by RM8.30 and the immediate resistance is seen at RM9.00, followed by RM9.40.


FKLI

High to Short…

Any level above 1790 remains a good level to initiate short position with stop loss level being placed around 1810 level. The index is expected to resume its range trading of 1750 to 1790 levels.
The immediate support is seen at 1790 level, followed by 1770 level and the immediate resistance is seen at 1800 level, followed by 1820 level.


FCPO

Hovering around 2300 Level?

So long as 2300 level can be convincingly taken over, more upward trading is expected. Long position will be preferred if the 2300 level can be taken over with stop loss level being placed around 2280 level. The next tough resistance will be at SMA 200 (2380 level).
The immediate support is seen at 2215 level, followed by 2200 level and the immediate resistance is seen at 2300 level, followed by 2400 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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