1st April, Monday (DJIA)

DJIA

Hovering Around 14500 Level…

Nothing much has changed since last week, the index is expected to hover around the current level to build the necessary foundation before further upside can take place. However, I am in the view that the current level is at its peak and minor retracement is expected to set in.

For the week, the immediate support is seen at 14500 level, followed by 14200 level and the immediate resistance is seen at 14600 level, followed by 14700 level.

FKLI

Drawing Nearer to Election – What to Do?

As the GE-13 is drawing nearer, I reiterate that short position will be preferred with the immediate reliable support is being seen at 1600 level only. Investors should look for opportunity to initiate short position instead of searching for opportunity to initiate long position. The risk of holding long position is very high in current high political risk environment.

For the week, the immediate support is seen at 1650 level, followed by 1620 and the immediate resistance is seen at 1680, followed by 1700 level.

FCPO

Re-Test the Lower Band of the Range – 2365 Level!

Not much to be expected as the FCPO is expected to resume its tight range trading – 100 points (2375 to 2475 levels) with the immediate support at 2365 level.

Provided the 2475 level can be taken over, then only we will see the FCPO to resume its 200 points trading range (2400 to 2600).

Investors can take a risk by initiating long position since the FCPO is approaching its lower band of the 100-point range that we are looking at with the stop loss level being set around 2345 level.

For the week, the immediate support is seen at 2350 level, followed by 2300 and the immediate resistance is seen at 2450 level, followed by 2550 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 March, Friday (Tenaga)

Tenaga

Last Done: RM7.20

Strong Support – RM6.90 Level…

The stock is having its strong and reliable support level at RM6.90 (SMA 200, Fibonacci level of 78.6% & psychological level), thus, any new position initiation should take the mentioned level as a reference level for placing of stop loss.

The immediate support is seen at RM6.90, followed by RM6.50 and the immediate resistance is seen at RM7.40, followed by RM8.00 level.

FKLI

Last Day of Window Dressing…

Upward trading is expected to resume for the day in tandem with the last trading day for the quarter. 

Investors can start to search for opportunity to initiate short position for the April contract month.

Volatility is expected to be high for the remaining of the trading period until the end of the GE-13.

The immediate support is seen at 1650 level, followed by 1640 and the immediate resistance is seen at 1680, followed by 1700 level.

FCPO

Immediate Important Support – Downtrend Line (2400)

As mentioned, if the FCPO can leap above the long term downtrend line (blue line) and the 2475 level, the FCPO will trade into the next 200 points territory (2400 to 2600). However, not much to be expected as the trading range remains tight (200 points only).

The immediate support is seen at 2400 level, followed by 2350 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.

28th March, Thursday (Maybulk)

Maybulk

Last Done: RM1.56

Starting of the Upward Trading?

The stock is building its foundation around the SMA 200 level and there is higher chance that this stock will trade further towards north. The stock has been traded below the SMA 200 for the past one year, thus, the SMA 200 (RM1.45) will be a reliable support level, at least for now.

Any new position initiation should take the above level as a good reference level for placing of stop loss.

The immediate support is seen at RM1.45, followed by RM1.00 and the immediate resistance is seen at RM2.00, followed by RM2.50 level.

FKLI

Upside will Resume – Window Dressing…

Upward trading is expected to resume for the remaining of the week as window dressing set in, albeit in a slower pace. 

As mentioned, investors who are holding short position should take your profit and only initiate new short position for April month contract starting next week.

Volatility is expected to be high for the remaining of the trading period until the end of the GE-13.

The immediate support is seen at 1630 level, followed by 1620 and the immediate resistance is seen at 1680, followed by 1700 level.

FCPO

200 Points of Trading Range Resume…

As mentioned, if the FCPO can leap above the long term downtrend line (blue line) and the 2475 level, the FCPO will trade into the next 200 points territory (2400 to 2600). However, not much to be expected as the trading range remains tight (200 points only).

The immediate support is seen at 2467 level, followed by 2400 and the immediate resistance is seen at 2500 level, followed by 2550 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 March, Wednesday (Muhibah)

Muhibah

Last Done: RM1.17

Downside Risk Increasing…

Overall technical landscape showed that the stock has reached its peak and downside risk is increasing. Investors who are having the stock should think of taking profit (at least your first level of profit) around current level as the immediate resistance is seen at RM1.25 (Fibonacci level of 61.8%).

The immediate support is seen at RM1.00, followed by RM0.80 and the immediate resistance is seen at RM1.25, followed by RM1.40 level.

 

FKLI

Slow Upside…

Upward trading is expected to resume for the remaining of the week as window dressing set in, albeit in a slower pace.

As mentioned, investors who are holding short position should take your profit and only initiate new short position for April month contract starting next week.

Volatility is expected to be high for the remaining of the trading period until the end of the GE-13.

The immediate support is seen at 1630 level, followed by 1620 and the immediate resistance is seen at 1655, followed by 1670 level.

 

FCPO

Trading Range – 2400 to 2600 Levels…

As mentioned, if the FCPO can leap above the long term downtrend line (blue line) and the 2475 level, the FCPO will trade into the next 200 points territory (2400 to 2600). However, not much to be expected as the trading range remains tight (200 points only).

The immediate support is seen at 2467 level, followed by 2400 and the immediate resistance is seen at 2500 level, followed by 2550 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 March, Tuesday (KPJ)

KPJ

Last Done: RM5.93

Hovering Around SMA 200…

The stock is hovering around the SMA 200 level (RM6.00). Provided the stock can leap above the SMA 200, else, the downside risk is increasing. Investors who are holding the stock should closely monitor the above mentioned level.
The immediate support is seen at RM5.50, followed by RM5.20 and the immediate resistance is seen at RM6.00, followed by RM6.50 level.

FKLI

Window Dressing Set In…

As expected, the window dressing set in with the parliament not being dissolved and no expectation that the parliament will being dissolved for the remaining of the week. As mentioned, investors who are holding short position should take your profit and only initiate new short position for April month contract starting next week.
Volatility is expected to be high for the remaining of the trading period until the end of the GE-13.
The immediate support is seen at 1630 level, followed by 1620 and the immediate resistance is seen at 1655, followed by 1660 level.

FCPO

Trading Range – 2400 to 2600 Levels…

As mentioned, if the FCPO can leap above the long term downtrend line (blue line) and the 2475 level, the FCPO will trade into the next 200 points territory (2400 to 2600). However, not much to be expected as the trading range remains tight (200 points only).
The immediate support is seen at 2467 level, followed by 2400 and the immediate resistance is seen at 2500 level, followed by 2550 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 March, Monday (DJIA)

DJIA

Hovering Around 14500 Level…

The index is expected to hover around the current level to build the necessary foundation before further upside can take place. However, I am in the view that the current level is at its peak and minor retracement is expected to set in.

For the week, the immediate support is seen at 14500 level, followed by 14200 level and the immediate resistance is seen at 14600 level, followed by 14700 level.

FKLI

Window Dressing? Dissolution of Parliament? 

Which one will come first? We should not guess but should take precautions steps ahead of either outcome. If Parliament is not being dissolved by Tuesday, investors who are holding short position should take your profit and only initiate new short position for April starting next week. If Parliament is dissolved by then, investors can just roll over your position to April contract and remains holding your short position. Volatility is expected to be high for the remaining of the trading period until the end of the GE-13.

The index will re-test the important support – 1600 level, technically, this is considered a strong support level as this is a level that has been tested for more than 5 times but still manage to hold. However, ahead of the GE-13, 1600 level is expected to be taken out, is just a matter of time.

For this week, the immediate support is seen at 1620 level, followed by 1600 and the immediate resistance is seen at 1630, followed by 1650 level.

FCPO

Next Trading Band – 2400 to 2600 Levels…

As mentioned, if the FCPO can leap above the long term downtrend line (blue line) and the 2475 level, the FCPO will trade into the next 200 points territory (2400 to 2600). However, not much to be expected as the trading range remains tight (200 points only).

For the week, the immediate support is seen at 2467 level, followed by 2400 and the immediate resistance is seen at 2500 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.

22nd March, Friday (Mulpha)

Mulpha

Last Done: RM0.415

Taking over RM0.42 level (Fibonacci level of 23.6%), the stock will have further upside until the next resistance level – RM0.45. Investors who are having the stock should take the RM0.42 level as a good reference level for any new position initiation, taking of profit or cutting of your losses.

The immediate support is seen at RM0.40 level, followed by RM0.34 level and the immediate resistance is seen at RM0.42 level, followed by RM0.45 level.

FKLI

Downside Trading…

Ahead of the weekend and drawing nearer to the dissolution of the parliament, the FKLI is expected to trade lower for today.

Investors will need to bear in mind that fundamental should supersede technical analysis in this high political risk environment and short position should remain preferred.

The immediate support is seen at 1620 level, followed by 1600 and the immediate resistance is seen at 1630, followed by 1640 level.

FCPO

Confirmation…

The FCPO traded above the downtrend line yesterday. As mentioned, if the FCPO can leap above the long term downtrend line (blue line), the chances for the FCPO to trade into the next 200 points territory will be very high.

Nothing much has changed has the FCPO is expected to resume its tight range trading – 100 points (2375 to 2475 levels). 

Provided the 2475 level can be taken over, then only we will see the FCPO to resume its 200 points trading range (2400 to 2600).

The immediate support is seen at 2365 level, followed by 2350 and the immediate resistance is seen at 2475 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.

21st March, Thursday (Maxis)

Maxis

Last Done: RM6.51

The stock will re-challenge the SMA 200 level (RM6.60), if this level is not able to be taken over, more downside is expected as mid-term trend has started to trend towards south.

The immediate support is seen at RM6.20 level, followed by RM6.00 level and the immediate resistance is seen at RM6.60 level, followed by RM7.00 level.

FKLI

Drawing Nearer…

It is nearer to GE-13 and more volatile market is expected moving forward. The index will re-test the important support – 1600 level, technically, this is considered a strong support level as this is a level that has been tested for more than 5 times but still manage to hold. However, ahead of the GE-13, 1600 level is expected to be taken out, is just a matter of time. Investors will need to bear in mind that fundamental should supersede technical analysis in this high political risk environment and short position should remain preferred.

The immediate support is seen at 1620 level, followed by 1600 and the immediate resistance is seen at 1630, followed by 1640 level.

FCPO

Trading Above the Uptrend Line?

As mentioned, if the FCPO can leap above the long term uptrend line (blue line), the chances for the FCPO to trade into the next 200 points territory will be very high.

Nothing much has changed has the FCPO is expected to resume its tight range trading – 100 points (2375 to 2475 levels) with the immediate support at 2365 level.

Provided the 2475 level can be taken over, then only we will see the FCPO to resume its 200 points trading range (2400 to 2600).

The immediate support is seen at 2365 level, followed by 2350 and the immediate resistance is seen at 2450 level, followed by 2475 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 March, Wednesday (Mediac)

Mediac

Last Done: RM1.15

The stock will have its immediate support at SMA 200 (RM1.10), thus, investors who are having the stock can take this level as a good reference level for placing of stop loss level.

The immediate support is seen at RM1.10 level, followed by RM1.00 level and the immediate resistance is seen at RM1.30 level, followed by RM1.50 level.

FKLI

1600 Level – An Important Support Level…

The index will re-test the important support – 1600 level, technically, this is considered a strong support level as this is a level that has been tested for more than 5 times but still manage to hold. However, ahead of the GE-13, 1600 level is expected to be taken out, is just a matter of time. Investors will need to bear in mind that fundamental should supersede technical analysis in this high political risk environment and short position should remain preferred.

The immediate support is seen at 1620 level, followed by 1600 and the immediate resistance is seen at 1630, followed by 1640 level.

FCPO

Tight Range Trading – 100 Points…

Nothing much has changed has the FCPO is expected to resume its tight range trading – 100 points (2375 to 2475 levels) with the immediate support at 2365 level.

Provided the 2475 level can be taken over, then only we will see the FCPO to resume its 200 points trading range (2400 to 2600).

The immediate support is seen at 2365 level, followed by 2350 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.

19th March, Tuesday (Perisai)

Perisai

Last Done: RM1.03

The immediate important support will be at RM1.00 (SMA 200, uptrend line and the psychological level), if this level is not able to be supported, more downside is expected to set in. Investors who are having the stock should think of cutting your losses/ taking your profit if the RM1.00 is not able to be supported.

The immediate support is seen at RM1.00 level, followed by RM0.80 level and the immediate resistance is seen at RM1.15 level, followed by RM1.25 level.

FKLI

Testing 1600 Level…

The index will re-test the important support – 1600 level, technically, this is considered a strong support level as this is a level that has been tested for more than 5 times but still manage to hold. However, ahead of the GE-13, 1600 level is expected to be taken out, is just a matter of time. Investors will need to bear in mind that fundamental should supersede technical analysis in this high political risk environment and short position should remain preferred.

The immediate support is seen at 1600 level, followed by 1590 and the immediate resistance is seen at 1630, followed by 1640 level.

FCPO

100 Points Range…

Nothing much has changed has the FCPO is expected to resume its tight range trading – 100 points (2375 to 2475 levels) with the immediate support at 2365 level.

Provided the 2475 level can be taken over, then only we will see the FCPO to resume its 200 points trading range (2400 to 2600).

The immediate support is seen at 2365 level, followed by 2350 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.

18th March, Monday (DJIA)

DJIA

Hovering Around 14500 Level…

The index is expected to hover around the current level to build the necessary foundation before further upside can take place. However, I am in the view that the current level is at its peak and minor retracement is expected to set in.

For the week, the immediate support is seen at 14500 level, followed by 14200 level and the immediate resistance is seen at 14600 level, followed by 14700 level.

FKLI

Short Position Preferred…

As time is closer to GE-13, short position definitely will be more preferred and investors will need to bear in mind that fundamental should supersede technical analysis in this high political risk environment.

For the week, the immediate support is seen at 1600 level, followed by 1580 and the immediate resistance is seen at 1630, followed by 1650 level.

FCPO

Tight Range Trading…

The same for this week as the FCPO is expected to resume its tight range trading – 100 points (2375 to 2475 levels) with the immediate support at 2365 level.

Provided the 2475 level can be taken over, then only we will see the FCPO to resume its 200 points trading range (2400 to 2600).

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

15th March, Friday (WCT)

WCT

Last Done: RM2.33

The stock is facing with its immediate resistance at RM2.40 to RM2.45 levels, however, not much to be expected as the stock will trade within the tight range of RM2.20 to RM2.45 levels. Provided the stock can leap above the RM2.45, more upside is expected.

The immediate support is seen at RM2.20, followed by RM2.00 and the immediate resistance is seen at RM2.40 level, followed by RM2.80 level.

FKLI

Immediate Support – SMA 200 (1630)!

Nothing has changed since yesterday, technically, the immediate support is seen at SMA 200 level as this is a reliable support level, at least for now. However, fundamental should supersede technical analysis and short position remains preferred as the risk of holding long position is very high in current high political risk environment. 

The immediate support is seen at 1630 level, followed by 1620 and the immediate resistance is seen at 1640, followed by 1650 level.

FCPO

Immediate Support – 2365 Level!

Not much to be expected as the FCPO is expected to resume its tight range trading – 100 points (2375 to 2475 levels) with the immediate support at 2365 level.

Provided the 2475 level can be taken over, then only we will see the FCPO to resume its 200 points trading range (2400 to 2600).

The immediate support is seen at 2350 level, followed by 2320 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.

14th March, Thursday (FGV)

FGV

Last Done: RM4.69

The stock has its strong support at RM4.55 level as most of the SMAs located. However, not much to be expected as the stock will be hovering around the RM4.55 to RM5.00 levels.

The immediate support is seen at RM4.55, followed by RM4.25 and the immediate resistance is seen at RM5.00 level.

FKLI

Immediate Support – SMA 200 (1630)!

Technically, the immediate support is seen at SMA 200 level as this is a reliable support level, at least for now. However, fundamental should supersede technical analysis and short position remains preferred as the risk of holding long position is very high in current high political risk environment. 

The immediate support is seen at 1630 level, followed by 1620 and the immediate resistance is seen at 1640, followed by 1650 level.

FCPO

Immediate Support – 2365 Level!

Not much to be expected as the FCPO is expected to resume its tight range trading – 100 points (2375 to 2475 levels) with the immediate support at 2365 level.

Provided the 2475 level can be taken over, then only we will see the FCPO to resume its 200 points trading range (2400 to 2600).

The immediate support is seen at 2365 level, followed by 2350 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.