14th December, Friday (Overall Market)

Announcement:

Please be informed that there will be no daily market outlook for the coming two weeks as I will be away for my vacation, however, stocks and futures’ research report/ market outlook from our company will remain available for your reference. You can re-access to this site starting 2^nd of January 2013. Wish you Merry Christmas & Happy New Year! Please do not forget to do your trading post mortem for the year of 2012 and set your target for 2013.

DJIA

Sustaining at Important Level – 13000!

13000 level – remains as a reliable support level as both the SMA 200 & psychological level located. As mentioned, so long as this level is able to be supported, more upside is expected with the tough resistance is seen at 13600 level only. We should see the DJIA to move towards the 13600 level, albeit in a slower pace.

For the upcoming two weeks, the immediate support is seen at 13000 level and the immediate resistance is seen at 13300 level, followed by 13500 level.

FKLI

Window Dressing to Set in during the Year End!

For the remaining of the year, the index is expected to trade within 1650 to 1680 levels. I am still in the view that there is a chance that the index will retest its historical high by the end of the month as year-end window dressing is expected to set in. Thus, any weakness should still serve as a good level to initiate long position. For the coming one week, we are expecting the index to hover around the 1650 to build the base before re-testing the historical high.

For the upcoming two weeks, the immediate support is seen at 1630 level, followed by 1610 level and the immediate resistance is seen at 1650 level, followed by 1680 level.

FCPO

Range of 2250 to 2450 Level!

For the coming two weeks, the FCPO is expected to hover around the 2250 to 2450 level. I am still in the view that current level should give us a chance to take a risk by initiating long position with stop loss level being set around 2200 and investors who have shorted the FCPO previously should consider to take your profit at current level! The 2215 level (recent low) remains a reliable support level, at least for now.

The immediate support is seen at 2215 level, followed by 2180 level and the immediate resistance is seen at 2350 level, followed by 2450 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.

13th December, Thursday (MISC)

MISC

Last Done: RM4.19

Testing Tough Resistance – RM4.30 Level!

The stock is approaching its tough resistance again – SMA 100 (RM4.30). So long as the SMA 100 level can be taken over convincingly, we should see further upside for the stock. Else, nothing much can be expected except to accumulate position around RM4.00 level with mild profits to take into consideration.

The immediate support is seen at RM4.00, followed by RM3.80 and the immediate resistance is seen at RM4.30, followed by RM4.50 level.

FKLI

Re-Challenge Historical High!

We are still in the view that there is a chance that the index will retest its historical high by the end of the month as year-end window dressing is expected to set in. Thus, any weakness should still serve as a good level to initiate long position. At current level, we are expecting the index to hover around the 1650, at least for the remaining week to build the base before re-testing the historical high.

The immediate support is seen at 1630 level, followed by 1620 level and the immediate resistance is seen at 1650 level, followed by 1660 level.

FCPO

Approaching Important Support Level – 2215!

For risk taker investors, current level should give us a chance to take a risk by initiating long position with stop loss level being set around 2200.

I am still in the view that investors who have shorted the FCPO previously should consider to take your profit at current level! The 2215 level (recent low) remains a reliable support level, at least for now. It is worthwhile to take a risk and initiate long position.

The immediate support is seen at 2215 level, followed by 2180 level and the immediate resistance is seen at 2300 level, followed by 2350 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.

12th December, Wednesday (astro)

Astro

Last Done: RM2.98

Testing Tough Resistance – RM3.00 Level!

The stock is hovering around the RM3.00 level and testing to take over the level convincingly. However, a lot of the technical indicators started to show its weakness and investors will need to take extra cautious. The RM3.00 level remains as tough resistance, at least for now. Investors who have bought the stock previously should consider to take your first level of profit around current level.

The immediate support is seen at RM2.60, followed by RM2.30 and the immediate resistance is seen at RM3.00, followed by RM3.50 level.

FKLI

Re-Challenge Historical High!

The 1650 level came in much earlier and there is a chance that the index will retest its historical high by the end of the month as year-end window dressing is expected to set in. Thus, any weakness should still serve as a good level to initiate long position. At current level, we are expecting the index to hover around the 1650, at least for the remaining week to build the base before re-testing the historical high.

The immediate support is seen at 1630 level, followed by 1620 level and the immediate resistance is seen at 1650 level, followed by 1660 level.

FCPO

Consolidating around 2275 Level…

The FCPO seems building its base around the 2275 level, will this be a good support level? It is too early to confirm, however, for risk taker investors, any level below 2250 (lower band of our range trading) should give us a chance to take a risk by initiating long position with stop loss level being set around 2200 level.

I am still in the view that investors who have shorted the FCPO previously should consider to take your profit when the FCPO approaching the lower band of the range that we are looking – 2250 level! The 2215 level (recent low) remains a reliable support level, at least for now. It is worthwhile to take a risk and initiate long position if the FCPO is trading near to this level.

For the week, the immediate support is seen at 2250 level, followed by 2215 level and the immediate resistance is seen at 2350 level, followed by 2500 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.

11th December, Tuesday (Axiata)

Axiata

Last Done: RM6.19

Last Hurdle – SMA 50 Level!

So long as the stock can take over the SMA 50 (RM6.26), more upside is expected with the immediate reliable support level is seen at RM6.00 (SMA 30 & psychological level). Any position initiation should take the above mentioned level as a reference level.

The immediate support is seen at RM6.00, followed by RM5.70 and the immediate resistance is seen at RM6.30, followed by RM7.00 level.

FKLI

Heading towards 1650 Level!

Taking over SMA 20 coupled with the widening in the upper and lower band, we should see the index to head towards 1650 before the end of the year. Thus, investors should closely monitor the SMA 20 level (1616),

As mentioned, the 1600 level (SMA 200 & psychological level) remains as a reliable support level. I am still in the view that any weakness should serve as a good level to initiate long position.

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

Consolidating around 2275 Level…

The FCPO seems building its base around the 2275 level, will this be a good support level? It is too early to confirm, however, for risk taker investors, any level below 2250 (lower band of our range trading) should give us a chance to take a risk by initiating long position with stop loss level being set around 2200 level.

I am still in the view that investors who have shorted the FCPO previously should consider to take your profit when the FCPO approaching the lower band of the range that we are looking – 2250 level! The 2215 level (recent low) remains a reliable support level, at least for now. It is worthwhile to take a risk and initiate long position if the FCPO is trading near to this level.

For the week, the immediate support is seen at 2250 level, followed by 2215 level and the immediate resistance is seen at 2350 level, followed by 2500 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.