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.
Crest Builder
Riding on the Uptrend – Short Term Trading!
Last Done: RM1.06
If the stock able to trade above the RM1.04 level for today, this is the stock that worthwhile to have a look for short term trading (less than 1 month). The stock is having an immediate support level at RM1.00 level, thus, any accumulation should set your stop loss level around the RM1.00 level with the first profit taking level is seen at RM1.20.
The immediate support is seen at RM1.00, followed by RM0.80 and the immediate resistance is seen at RM1.25, followed by RM1.45 level.
FKLI
Immediate Resistance – 1540 to 1550 Levels!
Overnight US market surged more than 100 points, however, the overall market remains weak if the 1580 level is not able to be taken out convincingly. The immediate target for the FKLI will be 1550 level, taking over 1550 level will have a higher probability that the FKLI will move toward 1580 level in the near future.
Investors can take the above mentioned level as a reference level when initiate fresh position. At the moment, short position will be more preferred with the stop loss level being set around 1550 level.
The immediate support is seen at 1507 level, followed by 1500 level and the immediate resistance is seen at 1540 level, followed by 1550 level.
Fight between Bulls & Bears - Resume!
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 if the FCPO approaching 3150 level with stop loss level being placed around 3175.
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.
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