31st January 2012, Tuesday (CyPark)

CyPark

Last Done: RM1.65

The stock made a convinced upward moving for the second day, breaking above the SMA 20. Investor can look into this stock for short term accumulation with stop loss level being set around RM1.50 level and first profit taking level being set around RM1.80 level.

Immediate support is seen at RM1.50 level, followed by RM1.42 level and immediate resistance is seen at RM1.78 level, followed by RM2.00 level.

FKLI

Lower Band of the Range!

The FKLI is currently at its lower band of the range trading that we are eyeing thus far. Will this be an opportunity to accumulate long position? The answer will be “yes” with stop loss level being placed around 1496 level.

Immediate support is seen at 1500 level, followed by 1481 level and immediate resistance is seen at 1520 level.

FCPO

Confirmation by Today…

The FCPO closed below its 2 important support levels – SMA 200 & SMA 50, will this be the start of the downtrend? We can only have the confirmation by the end of today. So long as the FCPO can regain its posture above the 3119 level, the overall uptrend remains intact, else, the downtrend is confirmed. Investors can initiate position based on the above mentioned level with stop loss being set in.

Immediate support is seen at 3050 level and immediate resistance is seen at 3118 level, followed by 3130 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.