1st October, Monday (DJIA)

DJIA

Immediate Support – 13300 Level!

Overall uptrend for the index remains intact with the immediate support is seen at 13300 level (SMA 30). The index is expected to challenge the historical high (14200) albeit in a slower pace.

For the week, the immediate support is seen at 13300 level, followed by 13000 level and the immediate resistance is seen at 13500 level, followed by 13600 level.

FKLI

Immediate Tough Resistance – 1655 Level!

The FKLI is expected to resume its range trading of 1620 to 1655 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 1655 level with stop loss level being set around 6 points away). We will only revisit our strategy provided the above mentioned level being taken out convincingly.

For the week, the immediate support is seen at 1620 level, followed by 1600 level and the immediate resistance is seen at 1640 level, followed by 1650 level.

FCPO

Final Quarter – Rebound?

Historically, the FCPO will have its uptrend during the last quarter of a year, will this happen for this year as well? We will not speculate on the direction, however, fundamentally, the FCPO is expected to rebound during the last quarter, especially the FCPO is currently having huge discount from soyoil.

From technical perspective, overall trend remains downward trading, thus, any long position (for risk taker investors) should couple with tight stop loss point.

The FCPO will need to regain its posture above the 2670 level as soon as possible (Fibonacci level of 23.6%), else, we might see the free fall for the FCPO and the more reliable support levels are only being seen at 2470 level, followed by 2270 level.

For the week, the immediate support is seen at 2500 level, followed by 2470 level and the immediate resistance is seen at 2600, followed by 2700 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 September, Friday (Airasia)

AirAsia

Last Done: RM2.95

The stock has created a base and halted the downward movement, we are more positive on this stock and remain in view that the RM2.80 should be the immediate support for now and it is worthwhile to take the risk by accumulating position for short term trading with stop loss level being set around RM2.70 level and first profit taking level being set around RM3.15.

The immediate support is seen at RM2.70, followed by RM2.50 and the immediate resistance is seen at RM3.00, followed by RM3.55.

FKLI

Taking Profit…

Ahead of the budget announcement in the second half, investors should take your profit and stay on bay ahead of the budget announcement as uncertainty remains in place. However, the immediate reliable support level remains at 1600 level (SMA 100 & psychological level).

The immediate support is seen at 1600 level, followed by 1580 level and the immediate resistance is seen at 1640 level, followed by 1650 level.

FCPO

New Base – Around 2600 Level!

The FCPO seems to create the new base around 2600 level and so long as this level can be supported ahead of the final quarter for the year of 2012, the downside will be limited. However, at the moment, overall trend remains downward trading, thus, any long position (for risk taker investors) should couple with tight stop loss point.

The FCPO will need to regain its posture above the 2670 level, else, we might see the free fall for the FCPO and the more reliable support levels are only being seen at 2470 level, followed by 2270 level.

The immediate support is seen at 2600 level, followed by 2550 level and the immediate resistance is seen at 2700, followed by 2750 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 September, Thursday (UOA Dev)

UOA Development

Last Done: RM1.53

The current level should serve as a reliable support level as the SMA 200 & Fibonacci level of 23.6% are located at RM1.50 level. Investors who are having the stock can take this level as a reference level for any new position initiation or placing of stop loss order.

The immediate support is seen at RM1.50, followed by RM1.15 and the immediate resistance is seen at RM1.90, followed by RM2.05.

FKLI

Reliable Support – 1600 Level!

We are still in the view that the 1600 will be a reliable support level, at least for another day. This should serve as a good reference level for any new position initiation and cut loss level. The 1600 is considered as a strong support level as it is the psychological level, the uptrend line (green line) and the SMA 100 level.

Thus, any drop near to 1600 level is worthwhile for investors to take a risk and initiate long position with stop loss level being set around 1590, especially ahead of the budget announcement tomorrow.

The immediate support is seen at 1600 level, followed by 1580 level and the immediate resistance is seen at 1620 level, followed by 1640 level.

FCPO

Creating a Base…

The FCPO will need to regain its posture above the 2670 level, else, we might see the free fall for the FCPO and the more reliable support levels are only being seen at 2470 level, followed by 2270 level.

The FCPO seems to create the new base around 2600 level and so long as this level can be supported ahead of the final quarter for the year of 2012, the downside will be limited. However, at the moment, overall trend remains downward trading, thus, any long position (for risk taker investors) should couple with tight stop loss point.

The immediate support is seen at 2600 level, followed by 2550 level and the immediate resistance is seen at 2700, followed by 2750 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 September, Wednesday (kulim)

Kulim

Last Done: RM4.73

The stock will need to regain its posture above the SMA 100 (RM4.80) to avoid the stock moving into mid to long term downward trading, worst if the immediate important support level – SMA 200 is not able to be held. Investors who are having the stock should closely monitor the above mentioned level.

The immediate support is seen at RM4.50, followed by RM4.00 and the immediate resistance is seen at RM4.80, followed by RM5.00.

FKLI

Reliable Support – 1600 Level!

We are still in the view that the 1600 will be a reliable support level, at least for now. This should serve as a good reference level for any new position initiation and cut loss level. The 1600 is considered as a strong support level as it is the psychological level, the uptrend line (green line) and the SMA 100 level.

Thus, any drop near to 1600 level is worthwhile for investors to take a risk and initiate long position with stop loss level being set around 1590, especially ahead of the budget announcement.

The immediate support is seen at 1600 level, followed by 1580 level and the immediate resistance is seen at 1620 level, followed by 1640 level.

FCPO

So Near…

As mentioned yesterday, the FCPO will need to regain its posture above the 2670 level, else, we might see the free fall for the FCPO and the more reliable support levels are only being seen at 2470 level, followed by 2270 level.

Today will be an important day as the FCPO only closed marginally lower (yesterday). Overall trend remains downward trading, thus, any long position (for risk taker investors) should couple with tight stop loss point.

The immediate support is seen at 2600 level, followed by 2550 level and the immediate resistance is seen at 2700, followed by 2750 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 September, Tuesday (genting Malaysia)

Genting Malaysia

Last Done: RM3.40

Not much to expect from the stock as the stock will resume its range trading of RM3.30 to RM3.75. The RM3.20 level is an important support level for the stock, failure for this level to be held will cause the stock to suffer further major retracement. Investors who are having the stock can take the above mentioned level as a reference level for any profit taking.

The immediate support is seen at RM3.20, followed by RM3.00 and the immediate resistance is seen at RM3.50, followed by tough resistance at RM3.70 (SMA 200).

FKLI

Reliable Support – 1600 Level!

We are still in the view that the 1600 will be a reliable support level, at least for now. This should serve as a good reference level for any new position initiation and cut loss level. The 1600 is considered as a strong support level as it is the psychological level, the uptrend line (green line) and the SMA 100 level.

Thus, any drop near to 1600 level is worthwhile for investors to take a risk and initiate long position with stop loss level being set around 1590, especially ahead of the budget announcement.

The immediate support is seen at 1600 level, followed by 1580 level and the immediate resistance is seen at 1620 level, followed by 1640 level.

FCPO

Starting of the Free Fall?

The FCPO will need to regain its posture above the 2670 level, else, we might see the free fall for the stock and the more reliable support levels are only being seen at 2470 level, followed by 2270 level. We should have the confirmation by the end of the day and investors should take it as a reference level for any position initiation and placing of stop loss level.

Overall trend remains downward trading, thus, any long position initiation for risk taker investors should keep your stop loss tight.

The immediate support is seen at 2600 level, followed by 2550 level and the immediate resistance is seen at 2700, followed by 2750 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.