Announcement:
For those who have registered for tomorrow class [Easy Way to Learn Stock & Futures (KL Session), last class for the year of 2011], please be punctual as the class as usual will start at 10am sharp.
FBMKLCI
1468 Able to be Supported?
Since SMA 30 & SMA 100 fall on the same level – 1468, this level should serve as an important support level, we shall closely monitor this level, especially for those who are trading in futures.
Immediate support is seen at 1468 level (SMA 30 & SMA 100), followed by 1453 level (Fibonacci level of 50%) and immediate resistance is seen at 1487 level (Fibonacci level of 61.8%).
FKLI
Hold on to your Short Position…
Overall technical landscape remains negative, especially if the SMA 20 (1459 level) is not able to be supported, investors can initiate further short position. For those who have initiated short position from 1500 level, you should take your first level of profit around 1460 level.
Immediate support is seen at 1463 level (SMA 30), followed by 1445 level (Fibonacci level of 50%) and immediate resistance is seen at 1481 level (Fibonacci level of 61.8%).
FCPO
Boring Session Resume…
The FCPO is expected to resume its boring session by hovering around the SMA 20 level and not much that investors can do except to trade on intraday or wait patiently for a clear direction before any new position can be initiated.
Immediate support is seen at 3081 level (SMA 30), followed by 3050 level and immediate resistance is seen at 3100 level, followed by 3132 level (SMA 20).
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