Announcement:
In tandem with the upcoming long holiday, Bursa has increased the FCPO’s margin from RM6000 per contract to RM7000 per contract, effective next Monday, 16th January 2012.
Kencana
Last Done: RM2.96
The stock took over the historical high and testing the RM3 level, if this level is convincingly being taken over, more upward trading is expected. Those who are holding the stock can take partial profit at current level and ride on the profit with your remaining position.
Immediate support is seen at RM2.90 level and immediate resistance is seen at RM3.
FKLI
Remain Tight Range Trading…
As per mentioned, the FKLI will remain in tight range trading until the 1532 level is being taken over. Nothing much that investor can do except to capture on the range trading (1532 level to 1500 level). Immediate support is seen at 1520 level and immediate resistance is seen at 1532 level, followed by 1550 level.
FCPO
Challenging 3270 Level?
Still early for the above question as the FCPO just marginally taking over the 3270 level, am expecting the FCPO to drop back to the range of 3200 – 3218 levels and resume its tight range trading. No matter what, investors can remain your range trading but closely monitor the 3270 level. Successfully taking over the 3270 will only indicate the upward movement.
Immediate support is seen at 3200 level, followed by 3150 level and immediate resistance is seen at 3218 level, followed by 3270 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.
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