Announcement:
Every Saturday (starting from last Saturday 19th 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.
TH Plant
Short Term Trading – Capturing on Technical Rebound!
Last Done: RM2.34
So long as the stock is able to stay above the SMA 200 (RM2.34), this stock is worthwhile to go for short term trading (less than a month) as it shows some sign of technical rebound, especially with the stock trading into oversold territory and the stock is staging a rebound at the SMA 200 level.
The immediate support is seen at RM2.00, followed by RM1.85 and the immediate resistance is seen at RM2.55, followed by RM2.75 level.
Downside Risk Remains High!
Nothing much has changed since last Friday as the downside risk remains high with the immediate support level is seen at 12200 (SMA 200), failure for this level to be held will see free fall for the DJIA until 11000 level (more reliable and strong support level). Investors can take the above mentioned level as a reference level for any decision making for our local market.
For the week, the immediate support is seen at 12200 level, followed by 12000 level and immediate resistance is seen at 12500 level, followed by 12700 level.
FBMKLCI & FKLI
Immediate Important Support – SMA 200!
With the Euro debt yet to be solved, more volatility is expected to set in with the immediate reliable and strong support level is seen at 1486 – 1500 levels, we will only look into changing our strategy if the above mentioned level is reached.
For the week, investors can still initiate short position with stop loss level being placed around 1542 level, however, if the index dropped below 1486 level, it may create an opportunity for investors to initiate long position with stop loss level being placed around 1480 level.
For risk taker investors, more aggressive move can be taken especially any level below SMA 200, it should serve as a level to accumulate long position with stop loss level being placed around the 1500 level.
For the week, the immediate support is seen at 1507 level, followed by 1486 level and the immediate resistance is seen at 1540 level, followed by 1550 level.
Close Fight between Bulls & Bears!
Nothing has changed from last week as the FCPO remains hover around the range that we are eyeing (3050 – 3150 levels). So, what can investors do?
Investors can remain capturing the range trading – initiating long position if the FCPO trades near to 3050 with stop loss level being set around 2990 level and initiate short position with stop loss level being placed around 3175 level.
No matter what, if the 3050 level can be held, this level might be the low for the near future and more upside is expected moving forward. Investors should closely monitor this level.
For the week, the immediate support is seen at 3045 level, followed by 3000 level and immediate resistance is seen at 3150 level, followed by 3250 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.
No comments:
Post a Comment