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.