25th May 2012, Friday (tenaga)

Announcement:

Every Saturday (starting from last Saturday 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.

Tenaga

Immediate Tough Resistance – RM6.70!

Last Done: RM6.54

Those investors who are having the stock should think of taking profit when the stock approaches RM6.70 as this will be a tough level to be taken over, at least for now. Overall uptrend remains intact at the moment with the stock price staying above the SMA.

The immediate support is seen at RM6.30, followed by RM6.00 and the immediate resistance is seen at RM6.70, followed by RM7.00 level.

FKLI

Immediate Resistance – 1540 to 1550 Levels!

Nothing has changed for the week as 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.

There are a lot of work to be done for FKLI – Fibonacci level of 78.6% (1540); SMA 20 (1560); SMA 30& SMA 50 (1570), thus, short position will be preferred at the moment. Investors can take the above mentioned level as a reference level when initiate fresh position.

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.

FCPO

Remains in the Range Trading – 3155 to 3040 Levels!

There is still a close fight between the bulls and bears and nothing can be done except to trade within the range (long when the FCPO approaches the 3040 level and short when the FCPO approaches 3155 level) or stay on bay until a clear direction can be detected.

The immediate support is seen at 3000 level, followed by 2950 level and immediate resistance is seen at 3100 level, followed by 3150 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.