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.