16th May 2012, Wednesday (unisem)

Announcement:

Every Saturday (starting from 19^th May 2012) I will publish an

article on Futures. Those articles will provide a better understanding for all futures investors, especially new comers in the Futures trading environment.

Unisem

Last Done: RM1.32

The immediate important support level is at SMA 200 level (RM1.27), failure for this level to be supported will cause the stock to suffer free fall and the next reliable support level will only being seen at RM1.00. Investors who are having the stock may want to place your stop loss level around RM1.20 level.

Immediate support is seen at RM1.27 level, followed by RM1.00 level and immediate resistance is seen at RM1.37 (SMA 100 & Fibonacci level of 23.6%), followed by RM1.60 level.

FKLI

Last Important Defend – SMA 100!

As mentioned yesterday, if the SMA 100 (1557) level for BOTH the underlying and futures are being taken out convincingly, am ready to change my view accordingly. This can be confirmed at the end of today as the overnight DJIA suffered further downtrend.

We shall monitor closely the development for today and firmer conclusion will be made by tomorrow.

The immediate support is seen at 1540 level (Fibonacci level of 78.6%), followed by 1510 level (strong and reliable level – SMA 200) and the immediate resistance is seen at 1586 level (SMA 20, SMA 30 & SMA 50).

FCPO

Staged a Rebound at SMA 200 – More Upside!

So long as the SMA 200 level is well defended, we should hold on to our long position! For those investors who wanted to initiate fresh position, so long as Fibonacci level of 38.2% (3219) can be supported, investors can initiate long position with stop loss level being set around 3190 level.

The immediate support is seen at 3200 level, followed by 3150 level and immediate resistance is seen at 3250 level, followed by 3300 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.