16th April 2012, Monday (mBSB)

Announcement:-

Learn the Correct Trading Technique Now! (KL Seminar Session)

There are some investors who enquire whether they can register on behalf of their family members or friend to enjoy member/ client’s rate (rather than non-client’s rate). I have decided to allow this. Each member/ client is however limited to ONE seat/ ONE recommendation only. Kindly provide your Identification Code when registering for your family member or friend. Please do not hesitate to email me if you have further queries. Thank you.

MBSB

Last Done: RM2.17

Downside risk is increasing! Investors who are holding the stock will need to pay extra attention to the stock’s development as this may be the starting of the downward movement. Dropping below the Fibonacci level of 78.6%, the uptrend line and the SMA 50 are alerting us on the high possibility of the major retracement.

Immediate support is seen at RM2.00, followed by RM1.80 and immediate resistance is seen at RM2.20, followed by RM2.50.

FKLI

Waiting Patiently for 1600 Level!

Although the Dow closed in negative territory last Friday, I am not expecting our market to follow in tandem. Immediate important and strong support level is seen at the SMA 30 (1584 level). Thus, any retracement to this level is rather giving investors the opportunity to accumulate long position with stop loss level being set around 1578 level.

For the week, the immediate support is seen at 1584 level (SMA 30), followed by 1570 level (SMA 50) and the immediate resistance is seen at 1600 level, followed by 1630 level.

FCPO

Important and Reliable Support Level – 3500 Level!

The minor retracement that we are expected has set in, thus, what we are eyeing at the moment will be the 3500 level. We are in the view that this level should serve as a good and reliable support level (Fibonacci level of 61.8% and psychological level).

For risk taker investors, any level below 3500 should serve as a good level to accumulate long position with stop loss level being set around 3470 level.

For the week, the immediate support is seen at 3500 level, followed by 3400 level and immediate resistance is seen at 3600 level, followed by 3700 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.