30th August, Thursday (wCT)

Announcement:

Please be informed that Bursa Malaysia will be closed for tomorrow in accordance with the National Day celebration.

WCT

Last Done: RM2.69

The stock is expected to hover within RM2.50 to RM2.70 until either level is being taken out convincingly. The stock is facing with the immediate resistance at RM2.75 level (Fibonacci level of 50%), provided this level is being taken out, then the stock will head towards RM3.00 level without much problems. Investors who are having the stock should think of taking your first level of profit at current level.

The immediate support is seen at RM2.50 level, followed by RM2.40 level and the immediate resistance is seen at RM2.75, followed by RM3.00 level.

FKLI

Tight Range Trading Resume…

The FKLI is expected to resume its range trading of 1620 to 1650 levels. Nothing much that investor can do except to capture on the range trading (initiate long position when the FKLI approaches 1620 level and initiate short position when the FKLI approaches 1650 level).

For risk averse investors, investors are not being encouraged to hold overnight position cause of the long weekend.

We will only revisit our strategy provided the above mentioned level being taken out convincingly.

FCPO

Immediate Support – 3000 to 2980 Levels!

The immediate tough resistance for the FCPO is located at the SMA 200 only (3165 level), thus, the FCPO is expected to trade within 3040 (Fibonacci level of 23.6%) to 3160 levels (SMA 200) for these few days. Investors can initiate long position around 3040 level with stop loss level being set around 3000 level.

For risk averse investors, you may want to initiate long position around 2980 level only as the FCPO may need to close the gap set on 22^nd of August before set a rebound to retest its tough resistance – SMA 200.

The immediate support is seen at 3000 level, followed by 2980 level and immediate resistance is seen at 3100 level, followed by 3160 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.

29th August, Wednesday (Tan Chong)

Tan Chong

Last Done: RM4.66

Overall uptrend for the stock remains intact as the stock has convincingly breaking above the SMA 200 level (RM4.40). Investors who are having the stock can ride on this uptrend and the immediate resistance is seen at Fibonacci level of 61.8% (RM4.70). Investors can consider to take your first level of profit when the stock approaching RM5.00 level.

The immediate support is seen at RM4.40 level, followed by RM4.25 level and the immediate resistance is seen at RM4.70, followed by RM5.00 level.

FKLI

Tight Range Trading Resume…

The FKLI is expected to resume its range trading of 1620 to 1650 levels. Nothing much that investor can do except to capture on the range trading (initiate long position when the FKLI approaches 1620 level and initiate short position when the FKLI approaches 1650 level). We will only revisit our strategy provided the above mentioned level being taken out convincingly.

FCPO

Immediate Support – 3000 to 2980 Levels!

The immediate tough resistance for the FCPO is located at the SMA 200 only (3165 level), thus, the FCPO is expected to trade within 3040 (Fibonacci level of 23.6%) to 3160 levels (SMA 200) for these few days. Investors can initiate long position around 3040 level with stop loss level being set around 3000 level.

For risk averse investors, you may want to initiate long position around 2980 level only as the FCPO may need to close the gap set on 22^nd of August before set a rebound to retest its tough resistance – SMA 200.

The immediate support is seen at 3000 level, followed by 2980 level and immediate resistance is seen at 3100 level, followed by 3160 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 August, Tuesday (oSK)

OSK

Last Done: RM1.50

The stock is facing with its immediate tough resistance at current level (SMA 100 & Fibonacci level of 50%) and is expected to take time to leap above this level, thus, investors who are having the stock should think of taking your first level of profit at current level.

The immediate support is seen at RM1.45 level, followed by RM1.35 level and the immediate resistance is seen at RM1.50, followed by RM1.60 level.

FKLI

Boring Session Continue…

The FKLI is expected to resume its range trading of 1620 to 1650 levels. Nothing much that investor can do except to capture on the range trading (initiate long position when the FKLI approaches 1620 level and initiate short position when the FKLI approaches 1650 level). We will only revisit our strategy provided the above mentioned level being taken out convincingly.

FCPO

Approaching Tough Resistance – 3160 Level!

The immediate tough resistance for the FCPO is located at the SMA 200 only (3165 level), thus, the FCPO is expected to trade within 3040 (Fibonacci level of 23.6%) to 3160 levels (SAM 200) for these few days. Investors can initiate long position around 3040 level with stop loss level being set around 3000 level.

The immediate support is seen at 3040 level, followed by 3000 level and immediate resistance is seen at 3100 level, followed by 3160 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 August, Monday (DJIA)

DJIA

Tight Range Trading – 13000 to 13300 Levels!

The immediate resistance for the DJIA is at 13320 level, the recent high. Provided this level can be taken out, else, we should see the DJIA to hover around 13000 to 13300 levels.

Taking out the above mentioned level will lead the index to re-challenge the historical high (14200 level).

For the week, the immediate support is seen at 13000 level and the immediate resistance is seen at 13320 level, followed by 13500 level.

FKLI

Range Trading Resume…

For this week, the FKLI is expected to resume its range trading of 1620 to 1650 levels. Nothing much that investor can do except to capture on the range trading (initiate long position when the FKLI approaches 1620 level and initiate short position when the FKLI approaches 1650 level). We will only revisit our strategy provided the above mentioned level being taken out convincingly.

FCPO

Range Trading of 3040 to 3160 Levels!

The immediate tough resistance for the FCPO is located at the SMA 200 only (3165 level), thus, the FCPO is expected to trade within 3040 (Fibonacci level of 23.6%) to 3160 levels (SAM 200). Investors can initiate long position around 3040 level with stop loss level being set around 3000 level.

The immediate support is seen at 3040 level, followed by 3000 level and immediate resistance is seen at 3100 level, followed by 3160 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.

24th August, Friday (jCY)

JCY

Last Done: RM1.12

Investors who are having the stock will need to pay extra attention on the stock as this might be the start of the downward trading. Two crucial support levels (SMA 100 & SMA 200) have been taken out with the widening in the upper and lower band is indicating that more downside trading is expected.

Technical rebound is expected to set in soon as the stock currently is trading near to the oversold territory, any technical rebound should serve as a good level to take your profit or cut your losses.

The immediate support is seen at RM1.00 level (last defend), followed by RM0.85 level and the immediate resistance is seen at RM1.25 level, followed by RM1.45 level.

FKLI

Range Trading Resume…

The FKLI will resume its range trading of 1620 to 1650 levels. Nothing much that investor can do except to capture on the range trading (initiate long position when the FKLI approaches 1620 level and initiate short position when the FKLI approaches 1650 level). We will only revisit our strategy provided the above mentioned level being taken out convincingly.

FCPO

Heading towards Tough Resistance – SMA 200!

The immediate tough resistance for the FCPO is located at the SMA 200 (3165 level), thus, taking over the SMA 20 previously will indicate more upside for the FCPO. Investors can initiate long position around 3020 level with stop loss level being set around 3000 level.

The immediate support is seen at 3040 level, followed by 3000 level and immediate resistance is seen at 3100 level, followed by 3160 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.