Sunday, 8 January 2012

9th January 2012, Weekly Market Outlook (MISC)

Summary


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Stock
Futures
FKLI
FCPO
Today Strategy & Stock Pick

For Risk Taker Stock:
MISC
Risk Taker:
long when the index approaching the 1500 level and short when the index approaching the 1532 level for short term trading
Risk Averse:
Remain intraday trading.

Risk Taker:
Closely monitor the 3218 level for position initiation.
Risk Averse:
Initiate long position if the recent high (3270) is successfully being taken over.
For Risk Averse Stock:
Nil
Stop Loss
RM5.50.
Risk Taker:
Depending on the range
Risk Averse:
Depending on the range
Risk Taker:
3180 level.
Risk Averse:
-
Market Direction
KLCI: Range Trading. (1535 – 1500)
Range Trading.
Hovering around the Fibonacci level of 38.2%.
Support & Resistance level

 KLCI:
S1: 1510
S2: 1500
R1: 1535
R2: 1550
Support:
S1: 1510; S2: 1500
Support:
S1: 3200; S2: 3150
Resistance:
R1: 1532; R2: 1550
Resistance:
R1: 3218; R2: 3270
Initial Margin
 -
RM5000
RM6000

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