2nd April 2012, Monday (FBMKCLI, DJIA & tenaga)

DJIA

Overall Uptrend Remains Intact!

The overall uptrend for the index remains intact with the immediate strong support is seen at 13000 level. Provided the index dropped below 13000 level, else, we should see the index will head towards 14000 level without much barrier.

For the week, immediate support is seen at 13000, followed by 12900 level and immediate resistance is seen at 13400 level, followed by 13500 level.

FBMKLCI & FKLI

Challenging 1600 Level!

For this week, the immediate task for the index will be to challenge the 1600 level and the probability for the index to stay above the 1600 level will be very high. Those investors who have initiated long position previously, the remaining position should ride on this uptrend.

For the week, immediate support is seen at 1580 level (SMA 20), followed by 1560 level and the immediate resistance is seen at 1600 level, followed by 1610 level.

Tenaga

Last Done: RM6.43

The immediate important support level for the stock is at RM6.30 level and the stock should stage a rebound at this level. Those investors who are holding the stock can remain ridding on this uptrend.

Immediate support is seen at RM6.30 level, followed by RM6.00 and immediate resistance is seen at RM6.70 level, followed by RM7.00 level.

FCPO

Hovering within the Trading Band of 3360 – 3500!

Nothing much has changed for the FCPO as the FCPO is expected to resume its range trading (3360 to 3500 level). For the week, investors should capture on the range, especially to take a risk and initiate long position if the FCPO is trading 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.