19th September, Thursday (Digi)

This blogspot will be discontinued due to some reasons until further notice….

Digi

Last Done: RM4.90

The stock rebounded strongly above the SMA 200 level, indicating further upside is expected with the immediate strong support is seen at SMA 200 (RM4.75). Any new position initiation can take the above mentioned level as your stop loss level.

The immediate support is seen at RM4.75, followed by strong support at RM4.50 and the immediate resistance is seen at RM5.00, followed by RM5.50.

FKLI

Sell on Strength…

For risk taker, any level above 1780 should provide an opportunity for investors to initiate short position. As for risk averse investors, any level above 1800 only should provide investors with opportunity to accumulate short position.

The immediate support is seen at 1750 level, followed by 1740 level and the immediate resistance is seen at 1780 level, followed by 1800 level.

FCPO

Hovering around SMA 200…

The FCPO is expected to hover around the SMA 200 level. If the FCPO can regain its posture above the 2380 level, the FCPO is expected to resume its uptrend, else, the downward trading is expected to set in.

For intraday traders, the FCPO is expected to trade within the range of 2280 to 2380 levels. Any level approaching the 2280 level should provide the opportunity to initiate long position and vice versa for 2380, however, any new position initiation should couple with tight stop loss level.

The immediate support is seen at 2300 level, followed by 2280 level and the immediate resistance is seen at 2400 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.

18th September, Wednesday (DJIA)

DJIA

Immediate Resistance – 15660 Level!

The immediate resistance is seen at 15660 level (recent high), the upward trading is expected to resume albeit in a slower pace as no weakness is being shown yet.

The immediate support is seen at 15500, followed by 15300 level and the immediate resistance is seen at 15700, followed by 15800 level.

FKLI

Sell on Strength…

For risk taker, any level above 1780 should provide an opportunity for investors to initiate short position. As for risk averse investors, any level above 1800 only should provide investors with opportunity to accumulate short position.

The immediate support is seen at 1750 level, followed by 1740 level and the immediate resistance is seen at 1780 level, followed by 1800 level.

FCPO

Hovering around SMA 200…

The FCPO is expected to hover around the SMA 200 level. If the FCPO can regain its posture above the 2380 level, the FCPO is expected to resume its uptrend, else, the downward trading is expected to set in.

For intraday traders, the FCPO is expected to trade within the range of 2280 to 2380 levels. Any level approaching the 2280 level should provide the opportunity to initiate long position and vice versa for 2380, however, any new position initiation should couple with tight stop loss level.

The immediate support is seen at 2300 level, followed by 2280 level and the immediate resistance is seen at 2400 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.

11th September, Wednesday (Air Asia)

Announcement:

Please be informed that there will be no daily market outlook starting tomorrow until next Tuesday as I will be away, 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 18^th of September 2013, Wednesday.

Air Asia

Last Done: RM2.58

Any new position initiation, investors should take the recent low (RM2.35) as a reference for placing stop loss. Sideways trading is expected to resume, provided the stock able to take over the Fibonacci level of 23.6% (RM2.65).

The immediate support is seen at RM2.35, followed by RM2.00 and the immediate resistance is seen at RM2.85, followed by RM3.00.

FKLI

Upward Trading…

Shortist should not initiate short position at this moment as the index yet to show any turning sign. Although the overall uptrend is not strong, the upside is expected to resume. Investors who initiated long position previously can revise your stop loss higher to 1745 level. Any level near to 1800 will only give investors an opportunity to initiate short position.

The immediate support is seen at 1750 level, followed by 1740 level and the immediate resistance is seen at 1780 level, followed by 1800 level.

FCPO

Hovering around SMA 200…

FCPO closed below the important support level – SMA 200 (2380) for the first time in 2 weeks. Investors should stay on bay for the remaining of the week as the uncertainty of the market direction for the FCPO, especially for short term traders.

If the FCPO can regain its posture above the 2380 level, the FCPO is expected to resume its uptrend, else, the downward trading is expected to set in.

For risk averse investors, intraday position should prioritize short position instead of long position.

The immediate support is seen at 2350 level, followed by 2330 level and the immediate resistance is seen at 2400 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.

10th September, Tuesday (TM)

TM

Last Done: RM5.40

The stock will need to trader above the SMA 200 (RM5.50) before any accumulation can set in. Else, the stock might resume its downward trading.

The immediate support is seen at RM5.00, followed by RM4.50 and the immediate resistance is seen at RM5.50, followed by RM6.00.

FKLI

Further Upside?

Shortist should not initiate short position at this moment as the index yet to show any turning sign. Although the overall uptrend is not strong, the upside is expected to resume. Investors who initiated long position previously can revise your stop loss higher to 1545 level. Any level near to 1800 will only give investors an opportunity to initiate short position.

The immediate support is seen at 1740 level, followed by 1730 level and the immediate resistance is seen at 1770 level, followed by 1780 level.

FCPO

Range Trading of 200 Points…

The FCPO is expected to trade within the range of 2380 to 2580 levels. Investors can initiate long position when the FCPO trades near to 2380 level and initiate short position when the FCPO approaches 2580 level.

The immediate support is seen at 2400 level, followed by 2380 level and the immediate resistance is seen at 2450 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.

9th September, Monday (DJIA)

DJIA

Hovering around SMA 100…

The DJIA will need to regain its posture above the SMA 100 (15100 level) as soon as possible to avoid suffering major retracement. Breaking below the above mentioned level will indicate more downside for the DJIA moving forward. 

The next reliable & strong support level is only located at 14650 level & 14400 level (SMA 200). The immediate support is seen at 14600, followed by 14500 and the immediate resistance is seen at 15100, followed by 15400 level.

FKLI

Hovering around SMA 200…

Nothing has changed since yesterday as long position can be initiated if the index successfully regains its posture above the 1700 level. However, any new position initiation should couple with tight stop loss level as the market is expected to remain in volatile trading environment.

The immediate support is seen at 1700 level, followed by 1680 level and the immediate resistance is seen at 1720 level, followed by 1730 level.

FCPO

Range Trading of 200 Points…

The FCPO is expected to trade within the range of 2380 to 2580 levels. Investors can initiate long position when the FCPO trades near to 2380 level and initiate short position when the FCPO approaches 2580 level.

The immediate support is seen at 2400 level, followed by 2380 level and the immediate resistance is seen at 2450 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.

6th September, Friday (Bursa)

Bursa

Last Done: RM7.31

The stock will have a strong support at RM7.00 level, however, overall trend remains downward trading, thus, investors will need to be more cautious whenever initiation any new position. 

The immediate support is seen at RM7.00, followed by strong support is seen at RM6.60 level. The immediate resistance is seen at RM7.50, followed by strong resistance at RM8.00 level.

FKLI

Hovering around SMA 200…

Nothing has changed since yesterday as long position can be initiated if the index successfully regains its posture above the 1700 level. However, any new position initiation should couple with tight stop loss level as the market is expected to remain in volatile trading environment.

The immediate support is seen at 1700 level, followed by 1680 level and the immediate resistance is seen at 1720 level, followed by 1730 level.

FCPO

Range Trading of 200 Points…

The FCPO is expected to trade within the range of 2380 to 2580 levels. Investors can initiate long position when the FCPO trades near to 2380 level and initiate short position when the FCPO approaches 2580 level.

The immediate support is seen at 2400 level, followed by 2380 level and the immediate resistance is seen at 2450 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.

5th September, Thursday (Supermax)

Supermax

Last Done: RM2.46

The immediate tough resistance is seen at RM2.50 (Fibonacci level of 50%), provided the above level can be taken over convincingly, else, nothing much to be expected.

The immediate support is seen at RM2.20, followed by strong support is seen at RM2.00 level. The immediate resistance is seen at RM2.50, followed by strong resistance at RM3.00 level.

FKLI

Long Position Preferred…

Nothing has changed since yesterday as long position can be initiated if the index successfully regains its posture above the 1700 level. However, any new position initiation should couple with tight stop loss level as the market is expected to remain in volatile trading environment.

The immediate support is seen at 1700 level, followed by 1680 level and the immediate resistance is seen at 1720 level, followed by 1730 level.

FCPO

Range Trading of 200 Points…

The FCPO is expected to trade within the range of 2380 to 2580 levels. Investors can initiate long position when the FCPO trades near to 2380 level and initiate short position when the FCPO approaches 2580 level.

The immediate support is seen at 2400 level, followed by 2380 level and the immediate resistance is seen at 2450 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.

4th September, Wednesday (Dialog)

Dialog

Last Done: RM2.60

The stock is having its immediate reliable support at RM2.50, however, there is some possibility that the stock will retrace until RM2.30 to close the gap set after the election. No matter what, the strong support should be around RM2.30 – RM2.50 levels.

The immediate support is seen at RM2.50, followed by strong support is seen at RM2.30 level. The immediate resistance is seen at RM2.80, followed by strong resistance at RM3.00 level.

FKLI

Long Position Preferred…

Nothing has changed since yesterday as long position can be initiated if the index successfully regains its posture above the 1700 level. However, any new position initiation should couple with tight stop loss level as the market is expected to remain in volatile trading environment.

The immediate support is seen at 1700 level, followed by 1680 level and the immediate resistance is seen at 1720 level, followed by 1730 level.

FCPO

Range Trading of 200 Points…

The FCPO is expected to trade within the range of 2380 to 2580 levels. Investors can initiate long position when the FCPO trades near to 2380 level and initiate short position when the FCPO approaches 2580 level.

The immediate support is seen at 2400 level, followed by 2380 level and the immediate resistance is seen at 2450 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.

3rd September, Tuesday (UEMS)

UEMS

Last Done: RM2.47

The immediate resistance is seen at RM2.65 (SMA 200) and the overall trend remains downward trading. This is not the time to accumulate buying position and any rebound should serve as a good level to take your profit.

The immediate support is seen at RM2.20, followed by strong support is seen at RM2.00 level. The immediate resistance is seen at RM2.65, followed by strong resistance at RM3.00 level.

FKLI

Long Position Preferred…

As mentioned, long position can be initiated if the index successfully regains its posture above the 1700 level. However, any new position initiation should couple with tight stop loss level as the market is expected to remain in volatile trading environment.

The immediate support is seen at 1700 level, followed by 1680 level and the immediate resistance is seen at 1720 level, followed by 1730 level.

FCPO

Range Trading of 200 Points…

The FCPO is expected to trade within the range of 2380 to 2580 levels. Investors can initiate long position when the FCPO trades near to 2380 level and initiate short position when the FCPO approaches 2580 level.

The immediate support is seen at 2400 level, followed by 2380 level and the immediate resistance is seen at 2450 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.