8th December 2011, Thursday (Dialog)

DIALOG

Last Done: RM2.43

This might not be the level to initiate a buy position for this stock yet as overall technical landscape remains neutral and the stock remains in consolidation phase. For initiating a buy position for this stock, the stock will need to take over RM2.46 level (Fibonacci level of 61.8%) convincingly coupled with the widening of the Bollinger upper and lower band, then the buying will be more convincing.

Immediate support is seen at RM2.40 level, followed by RM2.33 level and immediate resistance is seen at RM2.46, followed by RM2.50 level.

FKLI

Sideway Trading…

Further sideway trading is expected as investors are uncertain of the development in Europe countries. Trading range for the day is expected to be around 1490 – 1470 levels.

Immediate support is seen at 1482 level (Fibonacci level of 61.8%), followed by 1466 level (SMA 100) and immediate resistance is seen at 1490 level, followed by 1500 level.

FCPO

Hovering Around SMA 20…

The FCPO is expected to resume its tight range trading around the SMA 20 level (3129) before it can convincingly break through the SMA 20 level. Taking over the SMA 20 level convincingly should give investors the confidence to initiate long position.

Immediate support is seen at 3100 level, followed by 3075 level (SMA 30) and immediate resistance is seen at 3129 level (SMA 20), followed by 3150 level.