1st March 2012, Thursday (Puncak)

Puncak

Last Done: RM1.32

The downward trading might not end yet, however, it shows us some opportunity to accumulate the stock for short term trading, especially if the stock traded near to SMA 50 (RM1.26). Stop loss level can be placed around RM1.10 and first profit taking level can be placed around RM1.45.

Immediate support is seen at RM1.26, followed by RM1.10 and immediate resistance is seen at RM1.45 level, followed by RM1.75.

FKLI

Heading towards 1600 Level!

We are still eyeing the FKLI to move towards the historical high, albeit in a slower pace. Any weakness should give investors the opportunity to accumulate long position with stop loss level being set around 1550 level.

Immediate support is seen at 1550 level, followed by 1532 level and immediate resistance is seen at 1580 level, followed by 1600 level.

FCPO

Trading Within the Range of 3250 – 3300!

The FCPO is going to trade within the range of 3250 to 3300 level and this should be taken positively as this kind of consolidation will give the necessary support to the prices.

Investors who have initiated position previously can take your first level of profit at current level and the remaining position’s stop loss level should be placed around 3250 level.

Immediate support is seen at 3250 level, followed by 3220 level and immediate resistance is seen at 3300 level, followed by 3350 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.

29th February 2012, Wednesday (YTL)

YTL

Last Done: RM1.58

More upside is expected if the stock can sustain above the important level – Fibonacci level of 61.8% (RM1.55) as this is the level being tested for the past 4 months.

Investors can accumulate position for short term trading with stop loss level being set around RM1.50 level and first profit taking level being set around RM1.66.

Immediate support is seen at RM1.48, followed by RM1.42 and immediate resistance is seen at RM1.64 level, followed by RM1.75.

FKLI

Lower Band of the Range…

Nothing much has changed since yesterday as the FKLI is currently trading at its lower band of the range trading. Investors can just capture the range trading opportunity or accumulate long position when the index traded below 1550 level with stop loss level being placed around 1540 level.

Immediate support is seen at 1550 level, followed by 1532 level and immediate resistance is seen at 1570 level, followed by 1600 level.

FCPO

Heading Towards Fibonacci Level of 50%!

The FCPO created a concrete base at Fibonacci level of 38.2% and heading towards the Fibonacci level of 50% (3361 level). Investors who have initiated position previously should hold on to your long position with stop loss level being revised higher to 3250 level.

Immediate support is seen at 3250 level, followed by 3220 level and immediate resistance is seen at 3300 level, followed by 3350 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.

28th February 2012, Tuesday (Sapuracrest Petroleum)

Sapuracrest Petroleum

Last Done: RM4.98       

Overall technical landscape remains positive with the immediate resistance is seen at RM5, followed by recent high (RM5.18) and immediate support is seen at RM4.80 level, followed by RM4.50 level. Investors can hold on to your position and take SMA 20 as a stop loss level as this will be a reliable support level, failure for this level to be held will cause the stock price to trade further towards south.

FKLI

Another Opportunity…

Another opportunity as the FKLI again dropped towards the lower band of the range trading that we are eyeing at – 1550 level. This is giving another opportunity for investors to initiate long position for short term trading.

Immediate support is seen at 1550 level, followed by 1532 level and immediate resistance is seen at 1570 level, followed by 1600 level.

FCPO

Consolidating…

Nothing has changed as the FCPO still hovering around the 3270 level. Investors who have initiated position previously should hold on to your long position with stop loss level being placed around 3220 level and those who have waited to initiate fresh position can take a risk and accumulate long position at this level with stop loss level being set around 3250 level.

This consolidation phase should be taken as a healthy consolidation as it will give the necessary foundation for the upcoming uptrend.

Immediate support is seen at 3220 level, followed by 3200 level and immediate resistance is seen at 3300 level, followed by 3350 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.

27th February 2012, Monday (rSawit)

Rimbunan Sawit

Last Done: RM1.12       

The recent correction should be taken as a healthy correction with immediate important support is at RM1.00. As long as this level able to be supported, investors can hold on to your position.

Immediate support is seen at RM1.00, followed by RM0.90 and immediate resistance is seen at RM1.22 level, followed by RM1.50.

FKLI

Boring Session Resume…

Nothing much to cover as the FKLI resumes its consolidation phase and heading towards the 1600 level. During this period of time, investors can just capture the range trading opportunity or accumulate long position when the index traded below 1550 level.

For the week, immediate support is seen at 1550 level, followed by 1532 level and immediate resistance is seen at 1570 level, followed by 1600 level.

FCPO

Consolidating…

Nothing has changed as the FCPO still hovering around the 3270 level. Investors who have initiated position previously should hold on to your long position with stop loss level being placed around 3220 level and those who have waited to initiate fresh position can take a risk and accumulate long position at this level with stop loss level being set around 3250 level.

For the week, immediate support is seen at 3220 level, followed by 3200 level and immediate resistance is seen at 3300 level, followed by 3350 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.

24th February 2012, Friday (MBMR)

MBMR

Last Done: RM4.89

I found this stock interesting as the stock showed a strong upward movement with increasing volume. Although the stock is deep into overbought territory but the upward trading seems will not exhaust, at least for now. Investors can accumulate position for short term trading with the stop loss level being placed around RM4.30 level and first profit taking level around RM5.50 level.

Immediate support is seen at RM4.30, followed by RM4 and immediate resistance is seen at RM5 level, followed by RM6.

FKLI

Lower Band of the Range…

The FKLI is currently trading at its lower band of the range trading. Investors can just capture the range trading opportunity or accumulate long position when the index traded below 1550 level with stop loss level being placed around 1540 level.

Immediate support is seen at 1550 level, followed by 1532 level and immediate resistance is seen at 1570 level, followed by 1600 level.

FCPO

Firmly above the Fibonacci Level of 38.2%!

Nothing has changed since yesterday as the FCPO still hovering around the 3270 level, however, one thing that is confirmed – the FCPO is firmly above the Fibonacci level of 38.2% and this should serve as a reliable support level, at least for now.

Investors who have initiated position previously should hold on to your long position with stop loss level being placed around 3220 level and those who have waited to initiate fresh position can accumulate long position if the 3270 level is being taken over convincingly (we should have the confirmation by the end of today) with stop loss level being set around 3250 level.

Immediate support is seen at 3220 level, followed by 3200 level and immediate resistance is seen at 3270 level, followed by 3300 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.

23rd February 2012, Thursday (mulpha)

Mulpha

Last Done: RM0.445

Investors who are holding this stock should take the SMA 20 as the immediate support level, failure for this level to hold will cause the stock to retrace further towards RM0.42 level. This round of correction is a healthy correction and if the stock managed to support above the SMA 20, it might give the necessary support towards the stock and create the necessary opportunity for investors to accumulate position for short term trading.

Immediate support is seen at RM0.44, followed by RM0.42 and immediate resistance is seen at RM0.47 level, followed by RM0.50.

FKLI

Further Consolidation…

Nothing much to cover as the FKLI resumes its tight range trading and garner the necessary power to break above the 1600 level. During this period of time, investors can just capture the range trading opportunity or accumulate long position when the index traded below 1550 level.

Immediate support is seen at 1550 level, followed by 1532 level and immediate resistance is seen at 1570 level, followed by 1600 level.

FCPO

Waiting Patiently…

Nothing has changed since yesterday as the FCPO still hovering around the 3270 level. Investors who have initiated position previously should hold on to your long position with stop loss level being placed around 3220 level and those who have waited to initiate fresh position can accumulate long position if the 3270 level is being taken over convincingly with stop loss level being set around 3250 level.

Immediate support is seen at 3220 level, followed by 3200 level and immediate resistance is seen at 3270 level, followed by 3300 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.

22nd February 2012, Wednesday (digi)

digi

Last Done: RM4

Important support at RM4 level! Investors who are holding this stock need to take extra cautious as failure for this stock to hold above the RM4 level might drag the stock to trade further towards south, especially when the SMA 20 level is not well supported as well.

Immediate support is seen at RM4, followed by RM3.80 and immediate resistance is seen at RM4.05 level, followed by RM4.30.

FKLI

Further Consolidation…

Nothing much to cover as the FKLI resumes its tight range trading and garner the necessary power to break above the 1600 level. During this period of time, investors can just capture the range trading opportunity or accumulate long position when the index traded below 1550 level.

Immediate support is seen at 1550 level, followed by 1532 level and immediate resistance is seen at 1570 level, followed by 1600 level.

FCPO

Closer…

The FCPO is trading closer to the recent high and taking over this level is important to avoid the triple top, if this level successfully being taken over, breaking above 3300 level is an easy job.

Investors who have initiated position previously should hold on to your long position with stop loss level being revised higher to 3220 level and those who have waited to initiate fresh position can accumulate long position if the 3270 level is being taken over convincingly with stop loss level being set around 3250 level.

Immediate support is seen at 3220 level, followed by 3200 level and immediate resistance is seen at 3270 level, followed by 3300 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.

21st February 2012, Tuesday (Tanjung Offshore)

Tanjung Offshore

Last Done: RM1.02

Breaking above the Fibonacci level of 23.6% and the psychological level of RM1 might indicate the near term upward trading of the stock. So long as the stock is well-supported above the RM1 level, investors can take a chance and accumulate position for short term trading (2 – 3 weeks) with stop loss level being set around RM0.90 and first profit taking level around RM1.12 level.

Immediate support is seen at RM1, followed by RM0.85 and immediate resistance is seen at RM1.15 level, followed by RM1.25.

FKLI

Further Consolidation…

The FKLI is expected to resume its tight range trading and garner the necessary power to break above the 1600 level. During this period of time, investors can just capture the range trading opportunity or accumulate long position when the index traded below 1550 level.

Immediate support is seen at 1550 level, followed by 1532 level and immediate resistance is seen at 1570 level, followed by 1600 level.

FCPO

Confirmation by Today!

By the end of today, we shall have an answer on whether it is a firm breakout for the FCPO or not. Investors who have initiated position previously should hold on to your long position with stop loss level being set around 3200 level and those who have waited to initiate fresh position can accumulate long position if the 3270 level is being taken over convincingly with stop loss level being set around 3250 level.

Immediate support is seen at 3220 level, followed by 3200 level and immediate resistance is seen at 3270 level, followed by 3300 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.

20th February 2012, Monday (Keuro)

FBMKLCI

Firmer Upside albeit in a Slower Pace!

Since last covered, the index’s overall technical landscape remains the same – sustaining firmly above the Fibonacci level of 78.6% (1535 level) and heading towards historical high in a slower pace. Nothing much can be expected except to wait patiently for the index to move towards the historical high.

Immediate support is seen at 1550 level, followed by 1535 level and immediate resistance is seen at 1570 level, followed by 1600 level.

Keuro

Last Done: RM1.28

If the stock managed to regain its posture above the RM1.30 level (SMA 20, SMA 30 & Fibonacci level of 50%), it is worthwhile for investors to accumulate this stock for short term trading with stop loss level being placed around RM1.18 and first profit taking level around RM1.38.

Immediate support is seen at RM1.20, followed by strong support level at RM1.10 and immediate resistance is seen at RM1.38 level, followed by RM1.60.

FKLI

Further Consolidation…

The FKLI is expected to resume its tight range trading and garner the necessary power to break above the 1600 level. During this period of time, investors can just capture the range trading opportunity or accumulate long position when the index traded below 1550 level.

Immediate support is seen at 1550 level, followed by 1532 level and immediate resistance is seen at 1570 level, followed by 1600 level.

FCPO

Breakout?!

The FCPO finally taking over both the levels that we have waited for the past 3 months, so, what will be the next tough resistance that FCPO will need to take over? The answer definitely will be the Recent High (3270 level).

Investors who have initiated position previously should hold on to your long position by revising upward your stop loss level to 3200 level and those who have waited to initiate fresh position can accumulate long position if the 3270 level is being taken over convincingly with stop loss level being set around 3250 level.

Immediate support is seen at 3220 level, followed by 3200 level and immediate resistance is seen at 3270 level, followed by 3300 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.