4th March, Monday (DJIA)

DJIA

14200 Level – Reaching…

As mentioned, we should see the DJIA to re-challenge the historical high of 14200 level, albeit in a slower pace. The index is expected to hover around current level (14000) as this is an important base need to be built. Trading range expected will be 13900 to 14100 levels.
For the week, the immediate support remains at 14000 level, followed by 13900 level and the immediate resistance is seen at 14200 level.

FKLI

High to Short…

Short position remains preferred and investors should look for opportunity to initiate short position instead of searching for opportunity to initiate long position, especially any level near to 1650.
Not much to be expected as the index will hover around the SMA 200 level (1627). The risk of holding long position is very high in current high political risk environment. Any short position can be held without much worry.
Additional short position can be initiated, especially if the 1600 level not able to be held. The immediate support is seen at 1600 level, followed by 1550 and the immediate resistance is seen at 1624, followed by 1640 level.

FCPO

Supporting at Current Level?

The FCPO seems supporting at current level to create a double bottom, if it managed to stage a rebound, the FCPO will regain its posture above the 2400 level and allow the FCPO to resume its 200 points trading (2400 to 2600). 
For the week, the immediate support is seen at 2350 level, followed by 2300 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.