Sunday, 13 November 2011

14th November 2011, Weekly Market Outlook

Summary


For detail, please click here.





Stock
Futures
FKLI
FCPO
Today Strategy & Stock Pick

For Risk Taker Stock:
Will recommend once detect any stock that is worthwhile to accumulate.
Risk Taker:
Can get ready to initiate short position when the FKLI unable to take over 1500 level convincingly.
Risk Averse:
Remain intraday trading.
Risk Taker:
Remain long position but get ready to take profit and changing to short position.
Risk Averse:
Remain intraday trading until the FCPO trades above the 3200 level then investors can initiate short position.
For Risk Averse Stock:
Will recommend once detect any stock that is worthwhile to accumulate.
Stop Loss
-
Risk Taker:
1512 level
Risk Averse:
Around the support and the resistance level.
Risk Taker:
Move higher to around 3100 level.
Risk Averse:
3240 level.
Market Direction
KLCI: Range trade and is facing with tough resistance at 1500 level.
Range trade and shall take extra cautious at this level.
Uptrend with tough resistance being seen at 3220 level.
Support & Resistance level

 KLCI:
S1: 1460
S2: 1453
R1: 1487
R2: 1500
Support:
S1: 1446; S2: 1430
Support:
S1: 3100; S2: 3035
Resistance:
R1: 1482; R2: 1493
Resistance:
R1: 3200; R2: 3230
Initial Margin
 -
RM5000
RM6000

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