14th March 2012, Wednesday (Dialog)

Dialog

Last Done: RM2.34

The stock currently is trading below the SMA 20 and Fibonacci 78.6% level, however, the immediate reliable and strong support level is seen at RM2.31 level (SMA 100 & SMA 200). Thus, it is worthwhile for investors to take a risk by accumulating some position for short term trading with the first profit taking level being set around RM2.45 and stop loss level being set around RM2.28.

Immediate support is seen at RM2.30 level, followed by RM2.25 level and immediate resistance is seen at RM2.40, followed by RM2.60.

FKLI

SMA 20 – Giving the Necessary Support!

With the DJIA sustaining above the 13000 level, this will give the necessary support for our FKLI as well. This might be the turning point for the index and the index should head towards 1600 level without much barrier.

Investors can accumulate long position with stop loss level being set around the SMA 20 level (1567) and first profit taking level being set around 1595 level.

Immediate support is seen at 1567 level (SMA 20), followed by 1550 level and immediate resistance is seen at 1600 level, followed by 1630 level.

FCPO

Immediate Barrier – Fibonacci Level of 50%!

Provided the FCPO can sustain above the current level convincingly, else, we will see the FCPO to resume its range trading within 3300 to 3360 levels.

Investors should resume holding on to your remaining position with stop loss level still maintain at 3300 level.

Immediate support is seen at 3300 level, followed by 3250 level and immediate resistance is seen at 3362 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.