Sunday, 15 January 2012

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)

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