30th March 2012, Friday (rHB Cap)

RHB Cap

Last Done: RM7.76

Investors who are holding the stock should find the stock is facing a very tough resistance level at RM8.00 (Fibonacci level of 38.2%, SMA 200 & psychological level). Nothing much to expect from this stock if the above level is not being taken over convincingly.

Immediate support is seen at RM7.40 level, followed by RM7.00 and immediate resistance is seen at RM8.00 level, followed by RM8.50 level.

FKLI

Supporting Firmly Above the Uptrend Line…

Overall technical landscape never change as the index remains hovering around the 1580 level and supporting well above the uptrend line (in green).

Investors can take a risk and capture on the range by initiating long position at any level below 1580 with stop loss level being set around 1574 level.

The immediate support is seen at 1580 level, followed by 1575 level (SMA 20) and the immediate resistance is seen at 1600 level, followed by 1610 level.

FCPO

Within the Range of 3360 – 3500!

For the coming one week, investors should expect the FCPO to move within the range of 3360 to 3500 levels. For risk averse investors, any drop below 3400 level (especially below 3370) should serve as a good level to initiate long position.

The immediate support is seen at 3400 level, followed by 3350 level and immediate resistance is seen at 3500 level, followed by 3550 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 March 2012, Thursday (oSK)

oSK

Last Done: RM1.71

Investors who are holding the stock should find the stock is having a strong and reliable support level at RM1.64 level. Investors should closely monitor this level and take it as a reference level.

Immediate support is seen at RM1.64 level, followed by RM1.50 and immediate resistance is seen at RM1.90 level, followed by RM2.00 level.

FKLI

No Hesitation – Wait Patiently for 1600 Level!

Investors will still need to wait patiently for the 1600 level, nothing much that investors can do except to capture on this range trading (1580 – 1600). Investors can take a risk and capture on the range by initiating long position at any level below 1580 with stop loss level being set around 1574 level.

The immediate support is seen at 1580 level, followed by 1575 level (SMA 20) and the immediate resistance is seen at 1600 level, followed by 1610 level.

FCPO

Heading towards Next Tough Resistance Level – 3500!

Nothing much has changed for this week as the FCPO is challenging the next tough resistance level – 3500 level. Investors should remain to take your partial profit at current level.

The immediate support is seen at 3400 level, followed by 3350 level and immediate resistance is seen at 3500 level, followed by 3550 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 March 2012, Wednesday (airasia)

Airasia

Last Done: RM3.35

Those investors who owned this stock should take extra cautious as the stock is currently trading below its SMA 200 (RM3.55). As mentioned previously, if this stock is not managed to stay above the SMA 200, more downside is expected. The immediate strong and reliable support level is only being seen at RM3.00 level.

Immediate support is seen at RM3.25 level, followed by RM3 and immediate resistance is seen at RM3.60 level, followed by RM3.85 level.

FKLI

Closer…

The FKLI is trading closer to 1600 level, nothing that investors can do but only to wait patiently. Once investors take your first level of profit around 1595 level, remaining position should ride on the uptrend, especially if the 1600 level being taken over convincingly.

The immediate support is seen at 1580 level, followed by 1575 level (SMA 20) and the immediate resistance is seen at 1600 level, followed by 1610 level.

FCPO

Heading towards Next Tough Resistance Level – 3500!

Nothing much has changed since Monday as the FCPO is challenging the next tough resistance level – 3500 level. We shall revisit our strategy tomorrow once the FCPO approaching the 3500 level. Investors should remain to take your partial profit at current level.

The immediate support is seen at 3400 level, followed by 3350 level and immediate resistance is seen at 3500 level, followed by 3550 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 March 2012, Tuesday (Unisem)

Unisem

Last Done: RM1.46

The stock rebounded strongly from the SMA 200 and breaking above the Fibonacci level of 23.6% coupled with the volume. Investors can take a chance by accumulating position for short term trading with stop loss level being set around RM1.35 and first profit taking level being set around RM1.58.

Immediate support is seen at RM1.30 level, followed by RM1.20 and immediate resistance is seen at RM1.60 level, followed by RM1.80 level.

FKLI

Approaching 1600 Level…

With the strong closed in overnight DJIA, our FKLI will be heading closer to 1600 level. Investors will just need to wait patiently and take your first level of profit when the FKLI approaches the 1595 level. Remaining position should ride on the uptrend, especially if the 1600 level being taken over convincingly.

The immediate support is seen at 1580 level, followed by 1575 level (SMA 20) and the immediate resistance is seen at 1600 level, followed by 1610 level.

FCPO

Heading towards Next Tough Resistance Level – 3500!

Without much challenge, the FCPO will move towards north and challenge the next tough resistance level – 3500 level. Investors may want to take part of your profit during the day as the uptrend is expected to resume at the opening.

The immediate support is seen at 3400 level, followed by 3350 level and immediate resistance is seen at 3500 level, followed by 3550 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.

26th March 2012, Monday (DJIA & FBMKLCI)

DJIA

Rebounded from SMA 20?

As a start for the week, we should look at those indices to gauge on the overall market direction. DJIA last Friday closed in a positive territory and rebounded from the SMA 20 and the psychological level (13000). I am in the view that this should be the immediate reliable support level (supported by SMA 20, SMA 30 & psychological level) and the DJIA should stage a rebound from this level and heading towards the historical high (14185 level) without much problem.

For the week, immediate support is seen at 13000, followed by 12500 and immediate resistance is seen at 13500, followed by 14000 level.

FBMKLCI & FKLI

Waiting Patiently…

What investors will need to do is only to wait patiently as the index will take time to move towards/ above the historical high. I am still in the view that any weakness should serve as an opportunity to initiate long position as the overall uptrend remains resilient and intact. First profit taking level should be placed around the 1595 level.

For the week, the immediate support is seen at 1575 level (SMA 20), followed by 1550 level and immediate resistance is seen at 1600 level, followed by 1630 level.

FCPO

Fibonacci Level of 50% - Well Defended!

The FCPO staged a strong rebound at the Fibonacci level of 50% (3363) last Friday and this will be the immediate support level for the time being. As mentioned, so long as the FCPO can stay above the Fibonacci level of 50%, the next tough resistance level is only being seen at 3500 level. Any retracement for today should serve as a level for investors to initiate long position, especially if the FCPO traded below 3400 level.

For the week, the immediate support is seen at 3400 level, followed by 3350 level and immediate resistance is seen at 3500 level, followed by 3550 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 March 2012, Friday (iOI Corp)

IOI Corp

Last Done: RM5.29

Overall uptrend for the stock remains intact with immediate support is within the range of RM5.20 – RM5.00. Investors who have bought the stock previously can remain hold on to your position. Tough resistance is only being seen at RM5.75 level.

Immediate support is seen at RM5.20 level, followed by RM5.00 level and immediate resistance is seen at RM5.40 level, followed by RM5.75 level.

FKLI

Heading towards 1600 Level!

Nothing has changed for the week as overall uptrend remains intact. The FKLI remains staying above the SMA 20 and the uptrend line (in green). Investors should closely monitor this level and take it as a reference level for any position initiation. For risk taker investors, this level serves as a level for accumulating long position with stop loss level being placed around 1560 level.

Immediate support is seen at 1573 level (SMA 20), followed by 1550 level and immediate resistance is seen at 1600 level, followed by 1630 level.

FCPO

Trading within the Range of 3200 to 3362!

Since the FCPO has dropped below the Fibonacci level of 50%, this may indicate the FCPO would trade towards 3200 level and the FCPO will be trading within the next band – 3200 to 3362 levels.

SMA 20 level (3320) should serve as a level for risk taker investors to initiate long position for short term trading with stop loss level being set around 3295 level.

Immediate support is seen at 3300 level, followed by 3280 level and immediate resistance is seen at 3362 level, followed by 3400 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 March 2012, Thursday (mRCB)

MRCB

Last Done: RM2.03

Immediate tough resistance is at current level as most of the SMAs are dropping along the RM2.00 – RM2.07 band. Provided RM2.07 level can be taken over convincingly, else, we will see the stock stuck within the above band or start to head towards south trading.

Immediate support is seen at RM2.00 level, followed by RM1.90 level and immediate resistance is seen at RM2.07 level, followed by RM2.20 level.

FKLI

Overall Uptrend Remains Intact!

Overall uptrend remains intact as the index is staying above the SMA 20 and the uptrend line (in green). Investors should closely monitor this level and take it as a reference level for any position initiation. For risk taker investors, this level serves as a level for accumulating long position with stop loss level being placed around 1560 level.

Immediate support is seen at 1573 level (SMA 20), followed by 1550 level and immediate resistance is seen at 1600 level, followed by 1630 level.

FCPO

Immediate Support – 3362 Level!

Immediate important support level is seen at 3362 level (Fibonacci level of 50%) and this should be the reference level for investors to initiate fresh position. Dropping below this level will indicate the FCPO might trade towards 3000 level and the FCPO will be trading within the next band – 3200 to 3362 levels. Sustaining above this level should see the FCPO heading towards 3500 level.

Immediate support is seen at 3362 level, followed by 3300 level and immediate resistance is seen at 3400 level, followed by 3500 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 March 2012, Wednesday (kulim)

kulim

Last Done: RM4.30

Overall technical landscape shows that the stock is heading towards south, especially if the stock not able to regain its posture above the RM4.35 level. However, this level is considered as a tough resistance level as both the SMA 20 & Fibonacci level of 78.6% dropped at this level. Investors who bought the stock previously should scale down and take profit.

Immediate support is seen at RM4.00 level, followed by RM3.90 level and immediate resistance is seen at RM4.35 level, followed by RM4.70 level.

FKLI

Immediate Important Support Level – 1572!

So long as the above level is well defended, the overall uptrend remains intact as the index is staying above the SMA 20 and the uptrend line (in green). Investors should closely monitor on this level and take it as a reference level for any position initiation. However, investors should not hold too large a position overnight as more volatile market is expected.

Immediate support is seen at 1570 level (SMA 20), followed by 1550 level and immediate resistance is seen at 1600 level, followed by 1630 level.

FCPO

Immediate Support – 3362 Level!

Immediate important support level is seen at 3362 level (Fibonacci level of 50%) and this should be the reference level for investors to initiate fresh position. Dropping below this level will indicate the FCPO might trade towards 3000 level and the FCPO will be trading within the next band – 3200 to 3362 levels.

Immediate support is seen at 3362 level, followed by 3300 level and immediate resistance is seen at 3400 level, followed by 3500 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.