3rd April 2012, Tuesday (iJM Plantations)

IJM Plantations

Last Done: RM3.33

The stock is having a strong and reliable support level at RM3.30 – RM3.20 (SMA 20, SMA 30 & SMA 50), investors who are holding the stock can continue to ride on this uptrend with stop loss level being adjusted higher to RM3.10 level.

Immediate support is seen at RM3.20 level, followed by RM3.00 and immediate resistance is seen at RM3.50 level, followed by RM4.00 level.

FKLI

Supporting Above 1600 Level!

The FKLI should be able to stay above the 1600 level and this should be the immediate support level for the coming one week. Investors should ride on this uptrend with your remaining position.

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.

FCPO

Confirmation by Today…

The FCPO broke through the 3500 level yesterday and we should able to get the confirmation before the end of the day. Investors should closely monitor this level and if this level is not able to be supported, the FCPO will fall back to the range that we are looking at (3350 – 3500 levels). Else, the 3500 level will become the immediate strong and reliable support level.

Immediate support is seen at 3400 level, followed by 3350 level and immediate resistance is seen at 3550 level, followed by 3600 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.