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.