4th May 2012, Friday (Harvest)

Announcement:

Investors who have attended the seminar session (Learn the Correct Trading Techniques Now), if you are trading futures, I did setup some additional concepts for Futures traders and some examples being provided as well. If you do need the materials, please drop me an email by quoting your Identification Code for our easy reference. Thank you.

Harvest

Last Done: RM0.60

Covered this stock at the end of April and the level that am looking at is able to be supported with some turning signal as well. This may create an opportunity for us to accumulate small position for short term trading. However, the stock will need to stay above the SMA 200 and the downtrend line (RM0.65) to confirm on the convincingly break. Investors can closely monitor this level and initiate position accordingly with stop loss level being set around RM0.45 level and first profit taking level being set around RM0.80.

Immediate support is seen at RM0.50, followed by RM0.40 level and immediate resistance is seen at RM1.00 level, followed by RM1.20 level.

FKLI

Only Target – 1600 Level!

I will remain my view that long position is more preferred at the moment. Any weakness for today should serve as another opportunity for us to initiate long position with stop loss level being set around 1565 level.

The immediate support is seen at 1560 level, followed by 1545 level (strong and reliable level) and the immediate resistance is seen at 1586 level (SMA 20 & SMA 30).

FCPO

Immediate Important Support – 3350 Level!

After yesterday sharp retracement, will the FCPO starts it downward pressure? It is still too early to make a firm conclusion. However, the immediate important support is at 3350 level (Fibonacci level of 50%), failure for this level to be supported will cause further downward pressure. If this level is being able to be supported, we shall get ready to look at the FCPO to stage a rebound at the current level.

The immediate support is seen at 3350 level, followed by 3300 level and immediate resistance is seen at 3400 level, followed by 3500 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.