Announcement
1) Those who are attending the 1-day seminar on 19th November 2011, all the information has been sent to your email, if you do not receive it, please do give our helpdesk a call (03-2031 0102) or drop me an email. For those who are travelling by car, there are plenty of parking spaces in our building and only a flat rate of RM5 will be charged.
2) Batu Pahat session for tomorrow has been closed for registration as the session has been fully taken up.
3) Wow, today is a special day – 11.11.11. Have a nice weekend ahead!
FBMKLCI
Struggling to Break through 1487 Level!
The FBMKLCI still find itself hard to take over the 1487 level and heading towards the tougher resistance at 1500 level. It has been trading within the 1487 to 1453 band for almost 3 weeks and yet to take over either direction. Although it makes the whole trading boring, but this is giving the index a healthy consolidation phase and it will help the further uptrend movement going forward.
I will only cover more in depth if the above range is being taken over convincingly. Immediate support is seen at 1453 level and immediate resistance is seen at 1487 level.
FKLI
Choppy Session Remains…
The same for FKLI as FKLI has been trading within the 1450 to 1490 range for almost 3 weeks. If the FKLI unable to take over the above range, investors can only remain intraday trading or short term trading as a clear direction yet to be formed.
At this moment, short position will be more preferred, especially if the index is trading above 1480 level. Immediate support is seen at 1450 level and immediate resistance is seen at1481 level.
FCPO
Heading towards 3200 Level!
Interesting, eventually the FCPO is making a big move and taking over the Fibonacci level of 23.6%. As mentioned, if this level is able to be taken over convincingly, the FCPO will only face with the next tough resistance at 3220 level (SMA 200 & Fibonacci level of 38.2%). Any retracement towards/ below 3050 level should serve as a good opportunity to initiate long position with stop loss level being placed at 3020 level.
Immediate support is seen at 3100 level, followed by 3050 level and immediate resistance is seen at 3150 level.
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