31st January 2012, Tuesday (CyPark)

CyPark

Last Done: RM1.65

The stock made a convinced upward moving for the second day, breaking above the SMA 20. Investor can look into this stock for short term accumulation with stop loss level being set around RM1.50 level and first profit taking level being set around RM1.80 level.

Immediate support is seen at RM1.50 level, followed by RM1.42 level and immediate resistance is seen at RM1.78 level, followed by RM2.00 level.

FKLI

Lower Band of the Range!

The FKLI is currently at its lower band of the range trading that we are eyeing thus far. Will this be an opportunity to accumulate long position? The answer will be “yes” with stop loss level being placed around 1496 level.

Immediate support is seen at 1500 level, followed by 1481 level and immediate resistance is seen at 1520 level.

FCPO

Confirmation by Today…

The FCPO closed below its 2 important support levels – SMA 200 & SMA 50, will this be the start of the downtrend? We can only have the confirmation by the end of today. So long as the FCPO can regain its posture above the 3119 level, the overall uptrend remains intact, else, the downtrend is confirmed. Investors can initiate position based on the above mentioned level with stop loss being set in.

Immediate support is seen at 3050 level and immediate resistance is seen at 3118 level, followed by 3130 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.

30th January 2012, Monday (Kim Lun)

Kim Lun

Last Done: RM1.45

This stock made an obvious breakout last Friday, taking over those important levels (Fibonacci level of 38.2% & SMA 20) with increased in the volume as well. Investors can take this opportunity to accumulate this stock for short term trading with stop loss level being placed around RM1.37 level and first profit taking level at around RM1.60 level.

Immediate support is seen at RM1.37 level, followed by RM1.30 level and immediate resistance is seen at RM1.50, followed by RM1.61 level.

FKLI

Tight Range Trading Resume…

As mentioned, provided both the FKLI and the cash can take over the 1535 level, else, the index will remain its tight range trading with immediate support is seen at 1520 level (SMA 20) and immediate resistance remains at 1532 – 1535 levels.

Investors can only remain intraday trading by capturing the range trading opportunity. For the week, the immediate support is seen at 1519 level, followed by 1510 level and immediate resistance is seen at 1532 level, followed by 1550 level.

FCPO

Important Support Level – SMA 50 & SMA 200!

Crucial moment as the FCPO is approaching its 2 immediate important support levels – SMA 50 (3132) & SMA 200 (3119). Sustaining above this level will indicate the uptrend remains intact. For risk taker investors, investors can take a chance by initiating long position at this level with stop loss level being set around 3100 level.

Immediate support for the week is seen at 3130 level, followed by 3119 level (SMA 200) and immediate resistance is seen at 3150 level, followed by 3170 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 January 2012, Friday

FBMKLCI

Further Range Trading…

The FBMKLCI has been hovering around the 20 points range for nearly a month. Further consolidation might not be that bad as it will give the necessary strength for further upward trading. The FBMKLCI will need to take over the 1535 level for a more convince upward trading.

Immediate support is seen at 1520 level, followed 1510 level and immediate resistance is seen at 1535 level. I will cover AZRB’s stock on next Monday.

FKLI

Boring Session Resume…

Boring session is expected to resume with the overnight Dow closed marginally lower only. The tight range trading is expected to continue with the immediate important level to be taken over will be the 1532 – 1535 levels. Nothing much that investor can do except to capture on the range trading.

Immediate support is seen at 1520 level, followed by 1510 level and immediate resistance is seen at 1532 level, followed by 1550 level.

FCPO

Important Support Level – SMA 50!

Will this level able to be supported? If this level (3132) able to be supported, it is worthwhile to accumulate long position at this level with stop loss being set around 3100 level. Else, if the 3100 level of not able to be supported, investor should initiate short position.

Immediate support is seen at 3130 level, followed by 3100 level and immediate resistance is seen at 3150 level, followed by 3170 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 January 2012, Thursday (UOADev)

UOADev

Last Done: RM1.55

Successfully taking over the Fibonacci level of 23.6% coupled with the increase in volume for this stock is indicating the near term upward trading. Investors can start to accumulate this stock for short term trading with the stop loss level being set around RM1.45 and first profit taking level at around RM1.70.

Immediate support is seen at RM1.50 level, followed by the SMA 20 (RM1.42) and immediate resistance is seen at RM1.72 level (Fibonacci level of 38.2%), followed by RM1.88.

FKLI

Taking Over 1532 Level Convincingly?

As overnight Dow closed in positive territory, this will give the necessary strength for the FKLI to take over the 1532 level. However, as the underlying is at a discount of nearly 10 points to the FKLI, the FKLI may need more strength to stay above this level.

Investors can get ready to initiate long position if the above level is convincingly being taken over.

Immediate support is seen at 1520 level, followed by 1510 level and immediate resistance is seen at 1532 level, followed by 1550 level.

FCPO

Within the 100 Points Range…

The FCPO is expected to resume its 100 points’ range trading with the immediate resistance is seen at 3218 level (Fibonacci level of 38.2%). Nothing much that investor can do except to initiate short position when the FCPO approaching the above level and initiate long position when the FCPO approaching the SMA 50 level (3125 level).

Immediate support is seen at 3116 level (SMA 50), followed by 3100 level and immediate resistance is seen at 3200 level, followed by 3218 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 January 2012, Wednesday (mBSB)

mBSB

Last Done: RM2.10

Those investors who are holding the stock can hold on to your position as the uptrend remains intact (with the low and high getting higher). For those who yet to initiate any position, any retracement towards the SMA 50 should serve as a good level to accumulate position for short term trading.

Immediate support is seen at the psychological level (RM2.00), followed by the SMA 50 (RM1.80) and immediate resistance is seen at RM2.40, followed by RM2.80.

 

FKLI

Slow Movement…

Not much to expect from the FKLI as Dow was suffering minor retracement for the past 3 trading sessions and a lot of the traders resume their Chinese New Year’s holiday. Investors can only capturing the intraday trading opportunity by shorting when the index approaches 1532 level.

Immediate support is seen at 1510 level, followed by 1500 level. Immediate resistance is seen at 1532 level, followed by 1550 level.

FCPO

Again, Approaching the Upper Band of the Range Trading – 3218 Level!

The FCPO is trading at its upper band of the range trading by facing the immediate resistance at 3218 level (Fibonacci level of 38.2%). Nothing much that investor can do except to initiate short position when the FCPO approaching the above level and initiate long position when the FCPO approaching the SMA 50 level (3125 level).

Immediate support is seen at 3116 level (SMA 50), followed by 3100 level and immediate resistance is seen at 3200 level, followed by 3218 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 January 2012, Friday (bJCorp)

Announcement:

Next Monday (23/1/2012) and Tuesday (24/1/2012), Bursa will be closed in tandem with Chinese New Year celebration.

Wish all investors “Happy Chinese New Year!”

BJ Corp

Last Done: RM0.925

For those investor who are holding the stock, do not expect too much from this stock as the stock is expected to resume its tight range trading. Any level approaching or above the RM1 level should serve as a good level to take your profit or cut your losses and take those money to invest in other potential stock.

Immediate support is seen at recent low (RM0.88) and immediate resistance is seen at RM1, followed by RM1.05. I will cover MBSB stock on next Wednesday.

FKLI

Range Trading Resume…

It will be another boring day ahead as the index remains trading in the tight trading range that we are eyeing thus far. As per mentioned, not much to be expected if the two levels (1500 or 1532 level) are not being taken out convincingly.

However, investors should expect some volatility to set in for today ahead of the long holiday. Immediate support is seen at 1510 level, followed by 1500 level. Immediate resistance is seen at 1520 level, followed by 1532 level.

FCPO

Resume Trading in the 100 Points Range…

The FCPO is expected to resume its 100 points’ range trading with the immediate resistance is seen at 3218 level (Fibonacci level of 38.2%). Nothing much that investor can do except to initiate short position when the FCPO approaching the above level and initiate long position when the FCPO approaching the SMA 50 level (3125 level).

Immediate support is seen at 3116 level (SMA 50), followed by 3100 level and immediate resistance is seen at 3200 level, followed by 3218 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 January 2012, Thursday (E & O)

Announcement:

Next Monday (23/1/2012) and Tuesday (24/1/2012), Bursa will be closed in tandem with Chinese New Year celebration.

Wish all investors “Happy Chinese New Year!”

E & O

Last Done: RM1.52

If the stock manages to sustain above the RM1.52 level, investors can accumulate position for short term trading (within 2 weeks) with stop loss level being set around RM1.45 level and first profit taking level at around RM1.59 level.

Immediate support is seen at RM1.52 level, followed by RM1.46 level and immediate resistance is seen at RM1.59 level, followed by RM1.67 level.

FKLI

Another Boring Day…

It will be another boring day ahead as the index remains trading in the tight trading range that we are eyeing thus far. As per mentioned, not much to be expected if the two levels (1500 or 1532 level) are not being taken out convincingly.

However, investors should expect some volatility to set in for today ahead of the long holiday. Immediate support is seen at 1510 level, followed by 1500 level. Immediate resistance is seen at 1520 level, followed by 1532 level.

FCPO

Within the 100 Points Range…

The FCPO is expected to resume its 100 points’ range trading with the immediate resistance is seen at 3218 level (Fibonacci level of 38.2%). Nothing much that investor can do except to initiate short position when the FCPO approaching the above level and initiate long position when the FCPO approaching the SMA 50 level (3125 level).

Immediate support is seen at 3116 level (SMA 50), followed by 3100 level and immediate resistance is seen at 3200 level, followed by 3218 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 January 2012, Wednesday (Unisem & brahims)

brahims

Last Done: RM0.715

Promised to cover Brahims today, however, the stock has moved up more than 15% yesterday and trading near to the fair value of the stock. Although the technical still looks interesting, (especially when the stock managed to sustain above the RM0.70 level) the risk is increasing if I am still calling for a buy on this stock. Investors who have bought the stock previously should take your partial profit at this level (any level above RM0.70) and let the remaining position ride on the uptrend.

Immediate support is seen at RM0.70 level and immediate resistance is seen at RM0.82 level.

Unisem

Last Done: RM1.29

The stock showed a breakout yesterday by taking over the Fibonacci level of 23.6% (RM1.25) and the recent high (RM1.28). Besides, this breakout did couple with the increasing in volume that we are looking at. So long as this level is well-defended, investors can accumulate position for short term trading with stop loss being set around RM1.20 level and first profit taking level should be set around RM1.40 level.

Immediate support is seen at RM1.25 level, followed by RM1.20 and immediate resistance is seen at RM1.39 level (SMA 200), followed by RM1.42 level (Fibonacci 38.2%).

I will cover E & O stock tomorrow.

FKLI

Closer to 1532 Level…

As mentioned, nothing much that investor can do except to remain intraday trading so long as 1500 level or 1532 level is not being taken out convincingly. Investor will need to wait patient or just invest in stocks for the time being.

Immediate support is seen at 1510 level, followed by 1500 level. Immediate resistance is seen at 1520 level.

FCPO

SMA 50 – Well-defended…

The FCPO rebounded when its prices approached the SMA 50 and am in the view that this level should be a reliable support level. The FCPO is expected to fall into a 100 points range trading (3220 to 3120 level) moving forward until either of this direction is being taken out convincingly. Investors should monitor for another day before initiate any long term position. Else, intraday traders should take the above level as a reference level for long/ short position’s initiation.

Immediate support is seen at 3116 level (SMA 50), followed by 3100 level and immediate resistance is seen at 3200 level, followed by 3218 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.

17th January 2012, Tuesday (tA)

TA

Last Done: RM0.58

Investors who are holding the stock, not much to expect from the stock if the RM0.59 level is not being taken over convincingly. The stock will resume hovering around the Fibonacci level of 23.6% until obvious increase in volume and/ or the RM0.59 level is being taken over.

So, what should investors do? Investors can choose to dispose the stock and take those money to purchase the stocks that have more upward trading potential. Else, investors can hold on to the stock with stop loss level being set around RM0.50 level.

I will cover Brahims’ stock tomorrow.

FKLI

Worthwhile to Take a Chance…

The FKLI came back to the lower band of the range (1500 to 1532 levels) that we are eyeing, I am in the view that it is worthwhile to take a chance to initiate long position with stop loss level being set around 1490 level.

Immediate support is seen at 1500 level, followed by another strong support level at 1480 level. Immediate resistance is seen at 1520 level.

FCPO

Will the SMA 50 Able to be Supported?

It is important for the SMA 50 to be well-defended as failure for this level to be held will cause the FCPO to retreat further towards south with a reliable support level only able to be detected at 3040 level (Fibonacci level of 23.6%). Those who have initiated short position should closely monitor this level or choose to take partial profit when the FCPO approaching this level.

Immediate support is seen at 3116 level (SMA 50), followed by 3100 level and immediate resistance is seen at 3150 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.

16th January 2012, Weekly Market Outlook (WCT)

Summary


For detail, please click here.

	Stock	Futures
		FKLI	FCPO
Today Strategy & Stock Pick	For Risk Taker Stock: WCT	Risk Taker: long when the index approaching the 1500 level and short when the index approaching the 1532 level for short term trading Risk Averse: Remain intraday trading.	Risk Taker: Initiate short position Risk Averse: Initiate short position, however, only for intraday trading.
	For Risk Averse Stock: Nil
Stop Loss	RM2.20	Risk Taker: Depending on the range Risk Averse: Depending on the range	Risk Taker: 3150 Risk Averse: -
Market Direction	KLCI: Range Trading. (1535 – 1500)	Range Trading.	Downside trading
Support & Resistance level	KLCI: S1: 1510 S2: 1500 R1: 1535 R2: 1550	Support: S1: 1510; S2: 1500	Support: S1: 3100; S2: 3040
		Resistance: R1: 1532; R2: 1550	Resistance: R1: 3200; R2: 3218
Initial Margin	-	RM5000	RM6000 RM7000 (effective Wednesday, 18th January 2012)