29th June, Friday (yTL Power)

Announcement:

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YTL Power

Last Done: RM1.76

The immediate tough resistance is at the SMA 200 & Fibonacci level of 23.6% (RM1.80), thus, those who bought the stock previously should consider taking your first level of profit at current level. Investors who want to initiate fresh position should wait until the stock break through the SMA 200 level, else, nothing much can be expected.

The immediate support is seen at RM1.50, followed by RM1.20 level and the immediate resistance is seen at RM1.80, followed by RM2.00 level.

FKLI

Downside Risk Increasing…

The downside risk remains high, especially if the 1580 level unable to be held. However, am in the view that this level will able to be supported, at least for today in view of the possibility of window dressing. Any level above 1600, short position will still be preferred.

The immediate support is seen at 1580 level, followed by 1570 level and immediate resistance is seen at 1600 level, followed by 1610 level.

FCPO

Still the Same Important Level to Look at – 3040!

Nothing much to expect if the FCPO does not leap above the above mentioned level. As mentioned, provided the FCPO can regain its posture above the 3040 level (Fibonacci level of 23.6%), then the rebound will be firmer, else, it is still being perceived as a technical rebound only and the FCPO will be trading within the range of 2850 to 3040 levels.

For risk taker investors, investors can initiate short position with stop loss level being set around 3060 level.

The immediate support is seen at 2950 level, followed by 2900 level and immediate resistance is seen at 3050 level, followed by 3100 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.

28th June, Thursday (digi)

Article on FGVH, please click here.


Digi

Last Done: RM4.26

Overall uptrend remains intact (both short term and long term), investors who are holding the stock can remain the stock in your portfolio, however, for those investors who are looking for short term trading only, this should be your first profit taking level as the immediate resistance is seen at the recent high (RM4.32).

The immediate support is seen at RM4.00, followed by RM3.75 level and the immediate resistance is seen at RM4.35, followed by RM4.50 level.

FKLI

Hovering around 1610 Level!

The FKLI is expected to hover around the above mentioned level with the listing of FGVH, however, not much is expected from the index as the index will remain in the range trading of 1600 to 1615 levels. Short position will still be preferred at current level.

The immediate support is seen at 1600 level, followed by 1590 level and immediate resistance is seen at 1610 level, followed by 1620 level.

FCPO

Hovering Around 3040 Level…

Nothing much to expect if the FCPO does not leap above the above mentioned level. As mentioned, provided the FCPO can regain its posture above the 3040 level (Fibonacci level of 23.6%), then the rebound will be firmer, else, it is still being perceived as a technical rebound only and the FCPO will be trading within the range of 2850 to 3040 levels.

For risk taker investors, investors can initiate short position with stop loss level being set around 3060 level.

The immediate support is seen at 2950 level, followed by 2900 level and immediate resistance is seen at 3050 level, followed by 3100 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.

27th June, Wednesday (kPJ)

KPJ

Last Done: RM5.92

A lot of investors are asking about this stock, those who are having the stocks, you can still ride on this uptrend as the stock yet to show any weakness. However, for those who want to initiate new position, you may need to wait till the stock manage to take over the RM6.00 level convincingly before any position can be accumulated.

The immediate support is seen at RM5.80, followed by RM5.50 level and the immediate resistance is seen at RM6.00, followed by RM6.50 level.

FKLI

Downside Risk Increasing…

Although the downside risk is increasing, the long term uptrend remains intact and the retracement is expected to be minor. The index is expected to support above 1580 level ahead of the FGVH’s listing.

Thus, for those who have shorted the index may want to take your first level of profit around current level.

The immediate support is seen at 1580 level, followed by 1575 level and immediate resistance is seen at 1600 level, followed by 1610 level.

FCPO

Challenging 3040 Level!

Again, the FCPO is going to re-challenge the 3040 level. As mentioned, provided the FCPO can regain its posture above the 3040 level (Fibonacci level of 23.6%), then the rebound will be firmer, else, it is still being perceived as a technical rebound only and the FCPO will be trading within the range of 2850 to 3040 levels.

For risk taker investors, investors can initiate short position with stop loss level being set around 3060 level.

The immediate support is seen at 2950 level, followed by 2900 level and immediate resistance is seen at 3050 level, followed by 3100 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.

26th June, Tuesday (Bumi Armada)

Bumi Armada

Last Done: RM4.03

For those risk taker investors, this stock is worthwhile to have a look so long as the stock is supported above the current level. Investors can accumulate the stock for short term trading with stop loss being set around RM3.85 level and first profit taking level being set around RM4.20.

The immediate support is seen at RM4.00, followed by RM3.85 level and the immediate resistance is seen at RM4.25, followed by RM4.50 level.

FKLI

Giving Away - 1600 Level?

With the FGVH going to be listed this Thursday, the overall index seems supporting well above the 1600 level even with any major retracement suffered in the overnight DJIA. However, we are reminding investors of those turning sign shown. At current level, short position will still be preferred but with tight stop loss level being set.

Please take note that within the year, the FKLI has tested the 1600 level 3 times (includes this round) and it is crucial for us to monitor this level closely. If this level cannot be taken out convincingly, we may see major retracement to set in. However, nothing can be confirmed at this juncture as it is still too early to make any firm conclusion.

The immediate support is seen at 1600 level, followed by 1580 level and immediate resistance is seen at 1610 level, followed by 1630 level.

FCPO

Challenging 3040 Level!

Again, the FCPO is going to re-challenge the 3040 level. As mentioned, provided the FCPO can regain its posture above the 3040 level (Fibonacci level of 23.6%), then the rebound will be firmer, else, it is still being perceived as a technical rebound only and the FCPO will be trading within the range of 2850 to 3040 levels.

For risk taker investors, investors can initiate short position with stop loss level being set around 3060 level.

The immediate support is seen at 2950 level, followed by 2900 level and immediate resistance is seen at 3050 level, followed by 3100 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.

25th June, Monday (DJIA & MBMR)

DJIA

Within the Range – 12550 to 12850 Levels!

For this week, the DJIA may hover around the above mentioned range as nothing much to be expected from the market. However, volatility is expected to resume as the development in the unsolved Europe debt will still affect the market’s direction.

For the week, the immediate support is seen at 12550 level, followed by 12300 level and the immediate resistance is seen at 12850 level.

MBMR

Last Done: RM3.08

So far, SMA 30 is a reliable indicator to look at when come to analyze this stock. Since the stock has approached the SMA 30 (RM3.07), investors can take a look at the stock for short term accumulation with stop loss level being set around RM2.97 and first profit taking level being set around RM3.25 level.

The immediate support is seen at RM3.00, followed by RM2.80 level and the immediate resistance is seen at RM3.25, followed by RM3.50 level.

FKLI

Minor Retracement to Set In Soon?

There are a few technical indicators showing some turning sign and minor retracement will set in soon? We shall closely monitor current level and arrange our strategy accordingly. At current level, short position may still be preferred but with tight stop loss level being set.

Please take note that within the year, the FKLI has tested the 1600 level 3 times (includes this round) and it is crucial for us to monitor this level closely. If this level cannot be taken out convincingly, we may see major retracement to set in. However, nothing can be confirmed at this juncture as it is still too early to make any firm conclusion.

For this week, the immediate support is seen at 1600 level, followed by 1580 level and immediate resistance is seen at 1610 level, followed by 1630 level.

FCPO

Immediate Resistance – 3040 Level!

Nothing has changed since last week, as mentioned, provided the FCPO can regain its posture above the 3050 level (Fibonacci level of 23.6%), then the rebound will be firmer, else, it is still being perceived as a technical rebound only and the FCPO will be trading within the range of 2850 to 3040 levels.

For risk taker investors, investors can initiate short position with stop loss level being set around 3050 level.

For the week, the immediate support is seen at 2950 level, followed by 2800 level and immediate resistance is seen at 3050 level, followed by 3100 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.

22nd June, Friday (IJM)

IJM

Last Done: RM5.20

This stock is worthwhile to have a look at the moment as there is some turning sign being shown. So long as the RM5.20 (SMA 30) level can be held, risk taker investors can accumulate position for short term trading with stop loss level being set around RM4.95 level and first profit taking level being set around RM5.50 level.

The immediate support is seen at RM5.00, followed by RM4.60 level and the immediate resistance is seen at RM5.30, followed by RM6.00 level.

FKLI

Triple Top?

Within the year, the FKLI has tested the 1600 level 3 times (includes this round) and it is crucial for us to monitor this level closely. If this level cannot be taken out convincingly, we may see major retracement to set in. However, nothing can be confirmed at this juncture as it is still too early to make any firm conclusion.

For today, downside is definitely expected with the overnight huge losses suffered in DJIA caused by weak economic data, however, I am in the view that further minor pull back is expected as certain technical indicators have started to show some exhaustion. Thus, short position with stop loss level around 1605 level is preferred with first profit taking level to be set around 1570 level.

Immediate support is seen at 1586 level, followed by 1580 level and immediate resistance is seen at 1610 level.

FCPO

Immediate Resistance – 3040 Level!

Nothing has changed since yesterday, as mentioned, provided the FCPO can regain its posture above the 3050 level (Fibonacci level of 23.6%), then the rebound will be firmer, else, it is still being perceived as a technical rebound only. For risk taker investors, investors can initiate short position with stop loss level being set around 3050 level.

The immediate support is seen at 3000 level, followed by 2950 level and immediate resistance is seen at 3050 level, followed by 3100 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.