27th January 2012, Friday

FBMKLCI

Further Range Trading…

The FBMKLCI has been hovering around the 20 points range for nearly a month. Further consolidation might not be that bad as it will give the necessary strength for further upward trading. The FBMKLCI will need to take over the 1535 level for a more convince upward trading.

Immediate support is seen at 1520 level, followed 1510 level and immediate resistance is seen at 1535 level. I will cover AZRB’s stock on next Monday.

FKLI

Boring Session Resume…

Boring session is expected to resume with the overnight Dow closed marginally lower only. The tight range trading is expected to continue with the immediate important level to be taken over will be the 1532 – 1535 levels. Nothing much that investor can do except to capture on the range trading.

Immediate support is seen at 1520 level, followed by 1510 level and immediate resistance is seen at 1532 level, followed by 1550 level.

FCPO

Important Support Level – SMA 50!

Will this level able to be supported? If this level (3132) able to be supported, it is worthwhile to accumulate long position at this level with stop loss being set around 3100 level. Else, if the 3100 level of not able to be supported, investor should initiate short position.

Immediate support is seen at 3130 level, followed by 3100 level and immediate resistance is seen at 3150 level, followed by 3170 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.