1st August, Wednesday (Latexx)

Latexx

Last Done: RM1.76

The stock showed interesting move yesterday and this should attract us to pay more attention on this stock, especially for risk taker investors. This may give us a chance to accumulate position for short term trading with first profit taking level being set around RM1.95 and stop loss level being set around RM1.55.

The immediate support is seen at RM1.55 level, followed by RM1.20 and the immediate resistance is seen at RM2.00, followed by RM2.60.

FKLI

Range Trading to Resume – 1650 to 1620 Levels!

Nothing has changed since yesterday and further range trading is expected. Nothing much can be expected as the index will trade in a tight range trading (within 1620 to 1650 levels), investors can take the above levels as a reference level for any fresh position initiation (initiate long position when the FKLI approaches 1620 level and initiate short position when the FKLI approaches 1650 level). We will revisit our strategy provided the above mentioned level being taken out convincingly.

FCPO

3050 Level – Remains Tough at the Moment!

3050 level remains tough for the FCPO, at least for now. Provided this level can be taken over convincingly, else, recent rebound can only be considered as technical rebound. At the moment, the FCPO is expected to remain in the range trading of 2850 to 3050 levels.

Any fresh position initiation should take the above mentioned level as a reference level (long when the FCPO approaches 2850 level and short when the FCPO approaches 3050 level).

The immediate support is seen at 2850 level, followed by 2750 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.

31st July, Tuesday (bursa)

Bursa

Last Done: RM6.51

Immediate Tough Resistance Level – SMA 200 & Fibonacci Level of 38.2%!

The stock is facing with an uphill task, thus, any position bought recently should consider taking your first level of profit around this level. Provided the above mentioned level (RM6.70) can be taken out convincingly, else, we will see the stock to trade within the range of RM6.30 to RM6.70.

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

FKLI

Range Trading to Resume – 1650 to 1620 Levels!

Nothing has changed since yesterday and further range trading is expected. Nothing much can be expected as the index will trade in a tight range trading (within 1620 to 1650 levels), investors can take the above levels as a reference level for any fresh position initiation (initiate long position when the FKLI approaches 1620 level and initiate short position when the FKLI approaches 1650 level).

FCPO

3050 Level – Remains Tough at the Moment!

3050 level remains tough for the FCPO, at least for now. Provided this level can be taken over convincingly, else, recent rebound can only be considered as technical rebound. At the moment, the FCPO is expected to remain in the range trading of 2850 to 3050 levels.

Any fresh position initiation should take the above mentioned level as a reference level (long when the FCPO approaches 2850 level and short when the FCPO approaches 3050 level).

The immediate support is seen at 2850 level, followed by 2750 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.

30th July, Monday (DJIA)

DJIA

13000 Level – Sustainable?

With the expectation on both Fed and ECB to react this week, the DJIA should be able to support above the 13000 level convincingly. However, the next tough resistance level is only 300 points from current level (13320 level). The DJIA may hover within the 13000 to 13320 level for the remaining of the week.

For the week, the immediate resistance is seen at 13250 level, followed by 13320 level and the immediate support is seen at 13000 level, followed by 12500 level.

FKLI

Range Trading to Resume – 1650 to 1620 Levels!

For this week, we are expecting the FKLI to hover within the above mentioned range. Overall mid to long term uptrend remains intact, thus, any short position should be for short term trading.

Not much to expect from the market as the index will trade in a tight range trading (within 1620 to 1650 levels), investors can take the above levels as a reference level for any fresh position initiation (initiate long position when the FKLI approaches 1620 level and initiate short position when the FKLI approaches 1650 level).

FCPO

Range Trading – 2850 Level to 3050 Level!

The FCPO has an uphill task, the two most important support levels (2835 & 2750) need to be defended, else, we shall see the FCPO to resume its downward trading. At the moment, the FCPO is expected to trade within the range of 2850 to 3050 levels.

Any fresh position initiation should take the above mentioned level as a reference level (long when the FCPO approaches 2850 level and short when the FCPO approaches 3050 level).

For the week, the immediate support is seen at 2850 level, followed by 2750 level and immediate resistance is seen at 3000 level, followed by 3040 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 July, Friday (Genting)

Genting

Last Done: RM9.11

More Weakness Ahead?

The stock will need to regain its posture above the RM9.20 level as soon as possible, else, we shall see the stock suffering free fall until a more reliable support level being seen at RM8.40 only. Further weakness is expected as the price is below the SMA 20 coupled with the widening in the upper and lower band.

The immediate support is seen at RM9.00 level, followed by RM8.40 level and the immediate resistance is seen at RM9.20, followed by RM10.00 level.

FKLI

Range Trading – 1650 to 1620 Levels!

Nothing much has changed since yesterday as the SMA 20 remains the important support for the FKLI. Overall mid to long term uptrend remains intact, thus, any short position should be for short term trading.

Not much to expect from the market as the index will trade in a tight range trading (within 1620 to 1650 levels), investors can take the above levels as a reference level for any fresh position initiation (initiate long position when the FKLI approaches 1620 level and initiate short position when the FKLI approaches 1650 level).

FCPO

Immediate Important Support – 2835 Level!

The FCPO has an uphill task, the two most important support levels (2835 & 2750) need to be defended, else, we shall see the FCPO to resume its downward trading. At the moment, the FCPO is expected to trade within the range of 2850 to 3050 levels.

The immediate support is seen at 2850 level, followed by 2750 level and immediate resistance is seen at 3000 level, followed by 3040 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 July, Thursday (MRCB)

MRCB

Last Done: RM1.75

Immediate Support – RM1.75

The stock is having its immediate support at current level (RM1.75), Fibonacci level of 23.6%. For risk taker investors, this may attract us to accumulate small position for short term trading with first profit taking level being set around RM1.90 level and stop loss level being set around RM1.55 level.

The immediate support is seen at RM1.70 level, followed by RM1.50 level and the immediate resistance is seen at RM1.90, followed by RM2.00 level.

FKLI

Tight Range Trading…

SMA 20 remains the important support for the FKLI, especially when it staged a rebound at the mentioned level yesterday. Overall mid to long term uptrend remains intact, thus, any short position should be for short term trading.

Not much to expect from the market as the index will trade in a tight range trading (within 1620 to 1650 levels), investors can take the above levels as a reference level for any fresh position initiation (initiate long position when the FKLI approaches 1620 level and initiate short position when the FKLI approaches 1650 level).

FCPO

Immediate Resistance – 3040 Level!

We shall see some technical rebound to set in and the FCPO will at least move towards 3000 level. However, this rebound can be short live and investors will need to take extra cautious. 3040 level remains formidable at the moment, thus, we should expect the FCPO to trade within 2850 level to 3050 levels.

The immediate support is seen at 2850 level, followed by 2750 level and immediate resistance is seen at 3000 level, followed by 3040 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 July, Wednesday (yTL)

YTL

Last Done: RM1.89

Think Twice if you wanted to Hold on the Stock…

The stock is showing obvious weakness and remaining in the downward trading, no turning sign yet to be shown. Investors will need to be very cautious on any new position initiation, at least not to accumulate further position at the moment. Strong support only being seen at RM1.40 level.

The immediate support is seen at RM1.80 level, followed by RM1.40 level and the immediate resistance is seen at RM2.00, followed by RM2.15 level.

FKLI

Further Retracement…

The minor retracement is expected to resume with the immediate support at 1620 level (SMA 20). Not much to expect from the market as the index will trade in a tight range trading (within 1620 to 1640 levels).

Short term short position remains preferred at the moment with the immediate support is seen at 1620 level, followed by 1600 level and the immediate resistance is seen at 1635 level.

FCPO

Free Fall Resume…

As mentioned, so long the 3000 level not able to be supported, we shall see the free fall for the FCPO to 2850 level. Those who have shorted previously should consider taking your first level of profit around 2850 level. SMA 200 level (3150) remains tough at the moment and we shall expect the FCPO to hover around 3150 to 2850 levels for the near future.

The immediate support is seen at 2850 level, followed by 2750 level and immediate resistance is seen at 3000 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.