31st January, Thursday (FBMKLCI)

Announcement: Please be informed that the market will be closed for tomorrow (1st February 2013) in tandem with the celebration of Federal Territory Day.

FBMKLCI

No matter what, with the increasing of downside risk, investors will need to take profit along the way.

30th January, Wednesday (unisem)

Unisem

Last Done: RM1.04

The stock is facing with its immediate tough resistance at RM1.15 level, provided this level can be taken out convincingly, else, the stock is expected to hover around RM1.00 to RM1.15 levels only. Any position accumulation should set your stop loss level within RM0.90 to RM1.00 level.

The immediate support is seen at RM1.00, followed by RM0.90 and the immediate resistance is seen at RM1.15 level.

FKLI

Long Position – Higher Risk…

The market will continue to trade within the 1620 – 1650 levels as well. Investors should look for opportunity to initiate short position instead of long position. Any long position initiation should try to avoid holding through the long weekend or long holiday. The SMA 200 (1623) & 1600 remains as a reliable support level, at least for now. However, any long position should remain your tight stop loss level, especially around the above mentioned level.

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

FCPO

200 Points Range…

Nothing much has changed since yesterday as the FCPO is expected to hover around the 200 points range (2400 to 2600). Provided the 2600 level (SMA 100) can be taken over convincingly, only we should see the FCPO to re-challenge the 2900 level (SMA 200). 

The immediate important support will be at SMA 30 (2400). I am still in the view that it is worthwhile to take the risk by initiating long position with stop loss level being placed around 2350 level as the SMA 30 remains as a reliable support level.

Not much to be expected as the FCPO will remain in the range of 2600 to 2400 levels. The immediate support is seen at 2450 level, followed by 2400 level and the immediate resistance is seen at 2500 level, followed by 2550 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 January, Tuesday (DJIA)

DJIA

Heading towards Historical High – 14200 Level!

As mentioned, we should see the DJIA to move towards the 14000 level and re-challenge the historical high of 14200 level, albeit in a slower pace. 13000 level – remains as a reliable support level as both the SMA 200 & psychological level located.
For the week, the immediate support remains at 13800 level, followed by 13700 level and the immediate resistance is seen at 14000 level.

FKLI

Long Position – Higher Risk…

For this week, the market will be resumed in its range trading of 1620 – 1650 levels as well. Investors should look for opportunity to initiate short position instead of long position. Any long position initiation should try to avoid holding through the long weekend or long holiday. The SMA 200 (1623) & 1600 remains as a reliable support level, at least for now. However, any long position should remain your tight stop loss level, especially around the above mentioned level.
For the week, the immediate support is seen at 1620 level, followed by 1600 and the immediate resistance is seen at 1640, followed by 1650 level.

FCPO

200 Points Range…

The FCPO is expected to hover around the 200 points range (2400 to 2600). Provided the 2600 level (SMA 100) can be taken over convincingly, only we should see the FCPO to re-challenge the 2900 level (SMA 200). 
The immediate important support will be at SMA 30 (2400). I am still in the view that it is worthwhile to take the risk by initiating long position with stop loss level being placed around 2350 level as the SMA 30 remains as a reliable support level.
Not much to be expected as the FCPO will remain in the range of 2600 to 2400 levels. The immediate support is seen at 2450 level, followed by 2400 level and the immediate resistance is seen at 2500 level, followed by 2550 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 January, Friday (FBMKLCI)

FBMKLCI

SMA 200 – A Reliable Support!

SMA 200 (1624) & 1600 psychological level remain as the important and reliable support levels, at least for now.
No matter what, investors who are holding position are being advised to take your profit on any technical rebound as it is not worthwhile to carry your position with such a high political risk. As usual, I will not predict the market direction. We should only follow the direction and trade accordingly.
The immediate support will be 1625, followed by 1600 level (psychological level) and the immediate resistance is seen at 1630, followed by 1650 level.

FKLI

Long Position – Higher Risk…

Not much to be expected from the market as the market will be resumed its range trading (1620 – 1650 levels). Investors should look for opportunity to initiate short position instead of long position. Any long position initiation should try to avoid holding through the long weekend or long holiday. The SMA 200 (1623) & 1600 remains as a reliable support level, at least for now.
The immediate support is seen at 1620 level, followed by 1600 and the immediate resistance is seen at 1640, followed by 1650 level.

FCPO

Tough Resistance – 2600 Level!

Nothing has changed as the immediate important support will be at SMA 30 (2400). I am still in the view that it is worthwhile to take the risk by initiating long position with stop loss level being placed around 2350 level as the SMA 30 remains as a reliable support level.
The FCPO is expected to hover around the 200 (2400 to 2600). Provided the 2600 level (SMA 100) can be taken over convincingly, only we should see the FCPO to re-challenge the 2900 level (SMA 200). 
Not much to be expected as the FCPO will remain in the range of 2600 to 2400 level. The immediate support is seen at 2450 level, followed by 2400 level and the immediate resistance is seen at 2500 level, followed by 2550 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.

23rd January, Wednesday (FBMKLCI)

FBMKLCI

SMA 200 – A Reliable Support!

The index staged a strong rebound at the SMA 200 (1624) & 1600 psychological level and those levels become the reliable support level, at least for now.

No matter what, investors who are holding position are being advised to take your profit on any technical rebound as it is not worthwhile to carry your position with high political risk. As usual, I will not predict the market direction. We should only follow the direction and trade accordingly.

The immediate support will be 1625, followed by 1600 level (psychological level) and the immediate resistance is seen at 1630, followed by 1650 level.

FKLI

Long Position – Higher Risk…

Not much to be expected from the market as the market will be range trading (1620 – 1650 levels). Investors should look for opportunity to initiate short position instead of long position. Any long position initiation should try to avoid holding through the long weekend or long holiday. The SMA 200 & 1600 remains as a reliable support level, at least for now.

The immediate support is seen at 1620 level, followed by 1600 and the immediate resistance is seen at 1630, followed by 1640 level.

FCPO

Immediate Reliable Support – SMA 30!

Nothing has changed as the immediate important support will be at SMA 30 (2378). I am still in the view that it is worthwhile to take the risk by initiating long position with stop loss level being placed around 2350 level as the SMA 30 remains as a reliable support level.

The FCPO is expected to hover around the 300 (2300 to 2600). Provided the 2600 level (SMA 100) can be taken over convincingly, only we should see the FCPO to re-challenge the 2900 level (SMA 200). 

Not much to be expected as the FCPO will remain in the range of 2600 to 2300 level. The immediate support is seen at 2370 level, followed by 2350 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.

22nd January, Tuesday (KLCI & Strategies)

FBMKLCI

Immediate Important Support – SMA 200!

The immediate important support will be SMA 200 (1625), a level that never being taken over for the past one year. If the SMA 200 level will not able to be supported, more downside trading is expected. 

No matter what, yesterday drastic dropped (dropping below SMA 20, 30, 50 & 100) has created the negative sentiment towards the market and I am expecting the situation to resume. This might be the starting of the downward pressure and investors will need to pay extra cautious.

Investors who are holding position are being advised to take your profit on any technical rebound as it is not worthwhile to carry your position with high political risk. As usual, I will not predict the market direction and also how major will be the downward trading. We should only follow the movement and trade accordingly will do.

The immediate support will be 1625, followed by 1600 level (psychological level). 

FKLI

Short Position will be Preferred!

Having to say, we should monitor the movement of the market for another day to determine the market direction. As covered in the FBMKLCI above, the negative sentiment is definitely in place as majority of the moving averages have been taken out. Thus, investors should take extra cautious and monitor closely on the SMA 200 level – 1622! Failure for this level to be supported should see more downside ahead.

The immediate support is seen at 1622 level, followed by 1600.

FCPO

Immediate Reliable Support – SMA 30!

Nothing has changed as the immediate important support will be at SMA 30 (2378), breaking below this level will cause the FCPO to retrace another 100 points before the next support (2270) is able to set in. Investors should closely monitor the 2370 level for any new position initiation.

I am still in the view that it is worthwhile to take the risk by initiating long position with stop loss level being placed around 2350 level as the SMA 30 remains as a reliable support level.

The FCPO is expected to hover around the 300 (2300 to 2600). Provided the 2600 level (SMA 100) can be taken over convincingly, only we should see the FCPO to re-challenge the 2900 level (SMA 200). 

Not much to be expected as the FCPO will remain in the range of 2600 to 2300 level. The immediate support is seen at 2370 level, followed by 2350 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.

21st January, Monday (DJIA)

DJIA

Heading towards Historical High – 14200 Level!

The Index will hover around the current level for a few days before further upside can be resumed. We should see the DJIA to move towards the 14000 level and re-challenge the historical high of 14200 level. 13000 level – remains as a reliable support level as both the SMA 200 & psychological level located.

For the week, the immediate support remains at 13500 level and the immediate resistance is seen at 13800 level, followed by 14000 level.

FKLI

Sustaining Above SMA 20!

The index seems trying to sustain above the SMA 20 and so long as this level can be sustained, the upside is expected to resume. However, the trading range will be within the 20 points only (1680 to 1700).

The immediate support is seen at 1680 level, followed by 1670 and the immediate resistance is seen at 1690 level, followed by 1700 level.

FCPO

Immediate Reliable Support – SMA 30!

The immediate important support will be at SMA 30 (2378), breaking below this level will cause the FCPO to retrace another 100 points before the next support (2270) is able to set in. Investors should closely monitor the 2370 level for any new position initiation.

I am still in the view that it is worthwhile to take the risk by initiating long position with stop loss level being placed around 2350 level as the SMA 30 remains as a reliable support level.

The FCPO is expected to hover around the 300 (2300 to 2600). Provided the 2600 level (SMA 100) can be taken over convincingly, only we should see the FCPO to re-challenge the 2900 level (SMA 200). 

Not much to be expected as the FCPO will remain in the range of 2600 to 2300 level. The immediate support is seen at 2370 level, followed by 2350 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 January, Friday (YTL)

YTL

Last Done: RM1.79

Immediate Reliable Support – RM1.80 Level!

The stock should be able to support at RM1.80 as it is a reliable support level (SMA 200, SMA 100 and Fibonacci level of 61.8%). Investors can take this level as a good reference level for any new position accumulation. However, not much to be expected for the stock as the is expected to hover around RM1.70 to RM1.90.

The immediate support is seen at RM1.80 and the immediate resistance is seen at RM2.00 level, followed by RM2.20.

FKLI

Sustaining Above SMA 20!

The index seems trying to sustain above the SMA 20 and so long as this level can be sustained, the upside is expected to resume. However, the trading range will be within the 20 points only (1680 to 1700).

The immediate support is seen at 1680 level, followed by 1670 and the immediate resistance is seen at 1690 level, followed by 1700 level.

FCPO

Immediate Reliable Support – SMA 30!

The immediate important support will be at SMA 30 (2367), breaking below this level will cause the FCPO to retrace another 100 points before the next support (2270) is able to set in. Investors should closely monitor the 2370 level for any new position initiation.

I am still in the view that it is worthwhile to take the risk by initiating long position with stop loss level being placed around 2350 level as the SMA 30 remains as a reliable support level.

The FCPO is expected to hover around the 300 (2300 to 2600). Provided the 2600 level (SMA 100) can be taken over convincingly, only we should see the FCPO to re-challenge the 2900 level (SMA 200). 

Not much to be expected as the FCPO will remain in the range of 2600 to 2300 level. The immediate support is seen at 2370 level, followed by 2350 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.

17th January, Thursday (MISC)

MISC

Last Done: RM4.25

Taking over SMA 100 level (RM4.20) is indicating that the stock is having higher chances of taking over the next important and tough resistance level – SMA 200 (RM4.40).

If the stock is able to take over the SMA 200 level, it is worthwhile for investors to accumulate position for short term trading with stop loss level being placed around RM4.20.

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

FKLI

Downside Trading Started?

The FKLI traded below its important support – SMA 20 for the first time for the year of 2013. Will this be the starting of the downward pressure? It is too early to confirm at the moment since it is just first day. However, investors who are still holding long position should take extra cautious. Failure to hold above the 1680 level will cause the index to retrace further towards 1650 level.

However, as mentioned, no major retracement is expected with the immediate support is seen at 1650 level and the immediate resistance is seen at 1680 level, followed by 1700 level.

FCPO

Immediate Reliable Support – SMA 30!

The immediate important support will be at SMA 30 (2367), breaking below this level will cause the FCPO to retrace another 100 points before the next support (2270) is able to set in. Investors should closely monitor the 2370 level for any new position initiation.

I am still in the view that it is worthwhile to take the risk by initiating long position with stop loss level being placed around 2350 level as the SMA 30 remains as a reliable support level.

The FCPO is expected to hover around the 300 (2300 to 2600). Provided the 2600 level (SMA 100) can be taken over convincingly, only we should see the FCPO to re-challenge the 2900 level (SMA 200). 

Not much to be expected as the FCPO will remain in the range of 2600 to 2300 level. The immediate support is seen at 2370 level, followed by 2350 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.

16th January, Wednesday (mRCB)

MRCB

Last Done: RM1.57

The stock is facing with its immediate tough resistance at RM1.70 – RM1.75 levels. As long as the above mentioned levels not able to be taken over, nothing much that investor can do. The stock will be hovering within the tight range of RM1.50 to RM1.70.

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

FKLI

Heading towards 1700 Level!

There is a chance that the index will leap above the 1700 level before the end of the week. I remain positive towards the near term index in tandem with the upcoming election. However, any long position should only set in after the 1700 level being taken over convincingly.

The immediate support is seen at 1680 level, followed by 1670 level and the immediate resistance is seen at 1700 level, followed by 1710 level.

FCPO

Immediate Support – SMA 30!

The immediate important support will be at SMA 30 (2367), breaking below this level will cause the FCPO to retrace another 100 points before the next support (2270) is able to set in. Investors should closely monitor the 2370 level for any new position initiation.

I am still in the view that it is worthwhile to take the risk by initiating long position with stop loss level being placed around 2350 level as the SMA 30 remains as a reliable support level.

The FCPO is expected to hover around the 300 (2300 to 2600). Provided the 2600 level (SMA 100) can be taken over convincingly, only we should see the FCPO to re-challenge the 2900 level (SMA 200).

Not much to be expected as the FCPO will remain in the range of 2600 to 2300 level. The immediate support is seen at 2370 level, followed by 2350 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.

15th January, Tuesday (FGV)

FGV

Last Done: RM4.61

The stock is building a foundation around the RM4.50 level and this should be a stock that worthwhile to look at, especially ahead of the election and the picking up of crude palm oil prices.

For risk taker, any breakout from the current range (RM4.50 – RM4.70) should serve as a good level to accumulate position with stop loss level being placed around RM4.45 level.

The immediate reliable support is seen at RM4.50 and the immediate resistance is seen at RM4.70 level, followed by RM5.00.

FKLI

So Near…

There is a chance that the index will leap above the 1700 level before the end of the week. I remain positive towards the near term index in tandem with the upcoming election. Any long position should only set in after the 1700 level being taken over convincingly.

The immediate support is seen at 1680 level, followed by 1670 level and the immediate resistance is seen at 1700 level, followed by 1710 level.

FCPO

Immediate Support – SMA 30!

The immediate important support will be at SMA 30 (2367), breaking below this level will cause the FCPO to retrace another 100 points before the next support (2270) is able to set in. Investors should closely monitor the 2370 level for any new position initiation.

I am still in the view that it is worthwhile to take the risk by initiating long position with stop loss level being placed around 2350 level as the SMA 30 remains as a reliable support level.

The FCPO is expected to hover around the 300 (2300 to 2600). Provided the 2600 level (SMA 100) can be taken over convincingly, only we should see the FCPO to re-challenge the 2900 level (SMA 200). 

Not much to be expected as the FCPO will remain in the range of 2600 to 2300 level. The immediate support is seen at 2350 level, followed by 2300 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.

14th January, Monday (DJIA)

DJIA

Heading towards 13600 Level!

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 and re-challenge the historical high of 14200 level. 13000 level – remains as a reliable support level as both the SMA 200 & psychological level located.

For the week, the immediate support remains at 13200 level and the immediate resistance is seen at 13500 level, followed by 13600 level.

FKLI

Taking Over 1700 Level?

There is a chance that the index will leap above the 1700 level before the end of the week. I remain positive towards the near term index in tandem with the upcoming election. Any long position should only set in after the 1700 level being taken over convincingly.

The immediate support is seen at 1680 level, followed by 1670 level and the immediate resistance is seen at 1700 level, followed by 1710 level.

FCPO

Immediate Support – SMA 30!

The immediate important support will be at SMA 30 (2367), breaking below this level will cause the FCPO to retrace another 100 points before the next support (2270) is able to set in. Investors should closely monitor the 2370 level for any new position initiation.

I am still in the view that it is worthwhile to take the risk by initiating long position with stop loss level being placed around 2350 level as the SMA 30 remains as a reliable support level.

The FCPO is expected to hover around the 300 (2300 to 2600). Provided the 2600 level (SMA 100) can be taken over convincingly, only we should see the FCPO to re-challenge the 2900 level (SMA 200). 

Not much to be expected as the FCPO will remain in the range of 2600 to 2300 level. The immediate support is seen at 2350 level, followed by 2300 level and the immediate resistance is seen at 2400 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 January, Friday (WCT)

WCT

Last Done: RM2.41

Breaking through the tough resistance at RM2.40 may indicate more upside moving forward. Investors can take a chance by accumulating the stock with stop loss level being set around RM2.20 and first profit taking level around RM2.70.

The immediate support is seen at RM2.20, followed by RM2.00 level and the immediate resistance is at RM2.70, followed by RM3.00 level.

FKLI

Hovering around 1700 Level!

The FKLI is expected to resume its range trading and build the necessary foundation to take over the 1700 level. Nothing much that investor can do except to wait patiently.

I remain positive towards the near term index in tandem with the upcoming election. The downside risk remains high at the moment with a lot of technical indicators reaching its peak, however, no major retracement are expected with the immediate support is seen at 1650 level. 

The immediate support is seen at 1680 level, followed by 1670 level and the immediate resistance is seen at 1700 level, followed by 1710 level.

FCPO

Immediate Support – SMA 30 (2370)!

The immediate important support will be at SMA 30, breaking below this level will cause the FCPO to retrace another 100 points before the next support (2270) is able to set in. Investors should closely monitor the 2370 level for any new position initiation.

It is worthwhile to take the risk by initiating long position with stop loss level being placed around 2370 level as I am in the view that the SMA 30 remains as a reliable support level.

The FCPO is expected to hover around the 300 (2300 to 2600). Provided the 2600 level (SMA 100) can be taken over convincingly, only we should see the FCPO to re-challenge the 2900 level (SMA 200). 

Not much to be expected as the FCPO will remain in the range of 2600 to 2300 level. The immediate support is seen at 2370 level, followed by 2350 level and the immediate resistance is seen at 2400 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.

10th January, Thursday (Kian Joo)

Kian Joo

Last Done: RM2.40

As long as the stock is able to take over the RM2.40 level convincingly, more upside is expected. It is worthwhile to take a chance by initiating fresh position for short term trading with stop loss level being placed around RM2.20, a reliable support level (SMA 20, 30 & 50). With the widening in the Bollinger upper and lower band, upside trading is expected.

The immediate support is seen at RM2.20, followed by RM2.00 level and the immediate resistance is at RM2.55, followed by RM2.70 level.

FKLI

1700 – Testing…

The FKLI is expected to resume its range trading and build the necessary foundation to take over the 1700 level. Nothing much that investors can do except to wait patiently.

I remain positive towards the near term index in tandem with the upcoming election. The downside risk remains high at the moment with a lot of technical indicators reaching its peak, however, no major retracement are expected with the immediate support is seen at 1650 level. 

The immediate support is seen at 1680 level, followed by 1670 level and the immediate resistance is seen at 1700 level, followed by 1710 level.

FCPO

Immediate Support – SMA 30 (2370)!

The immediate important support will be at SMA 30, breaking below this level will cause the FCPO to retrace another 100 points before the next support (2270) is able to set in. Investors should closely monitor the 2370 level for any new position initiation.

It is worthwhile to take the risk by initiating long position with stop loss level being placed around 2370 level as I am in the view that the SMA 30 remains as a reliable support level.

The FCPO is expected to hover around the 300 (2300 to 2600). Provided the 2600 level (SMA 100) can be taken over convincingly, only we should see the FCPO to re-challenge the 2900 level (SMA 200). 

Not much to be expected as the FCPO will remain in the range of 2600 to 2300 level. The immediate support is seen at 2370 level, followed by 2350 level and the immediate resistance is seen at 2400 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.