17th May, Friday (Astro)

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 5th of June 2013. 

Astro

Last Done: RM3.16

Technically, the stock has reached its peak and minor retracement is expected to set in. However, not much to be expected from the stock as the stock will hover within the tight trading range of RM3.00 to RM3.40 level.

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

FKLI

Downside Bias…

The FKLI will need to close the gap created after the election (1720 – 1700 levels), thus, further downside is expected with the 1st level of reliable support is seen at 1700 only. Any long position initiation will need to take extra cautious, especially with most of the index members trading into uncharted territory.

Risk averse investors should not hold any position for overnight and any position initiation should couple with tight stop loss.

Risk taker investors can initiate short position, especially any level near to 1800 with stop loss level around 1820 level.

The immediate support is seen at 1750, followed by 1720 level and the immediate resistance is seen at 1780, followed by 1800 level.

FCPO

Hovering around the Downtrend Line…

The FCPO will need to take over the 2330 level (the downtrend line) before further upside can set in. The FCPO will need to take over the 2330 level convincingly, else, the long term downward trading will resume. The downtrend line currently located at the 2330 level, forcing the FCPO to trade within the range of 2330 to 2200 levels. Taking over the 2330 level will give us a good opportunity to initiate long position.

The immediate important support is seen at 2300 level, followed by 2250 and the immediate resistance is seen at 2350 level, followed by 2400 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 May, Thursday (Harvest)

Harvest

Last Done: RM0.405

The stock took over the SMA 200 level, indicating more upward trading is expected with its immediate resistance is seen at RM0.50 – RM0.55 levels. No matter what, this is a speculative stock, thus, investors should not initiate position with long term trading objective. Any position initiation should set your stop loss around the SMA 200 as it will be a good indication for the short term trading.

The immediate support is seen at RM0.35, followed by RM0.25 and the immediate resistance is seen at RM0.50 level, followed by RM0.85. 

FKLI

Immediate Resistance – 1800 Level!

Technically, no conclusion that we can make at this moment as the chart yet to show us a pattern/ direction that we can follow. However, the RSI has shown its peak and this might cause the index to trade towards south side. Besides, most of the index members already trading into un-charted territory, thus, investors will need to take extra cautious on any long position holding.

Risk averse investors should not hold any position for overnight and any position initiation should couple with tight stop loss.

Risk taker investors can initiate short position, especially any level near to 1800 with stop loss level around 1820 level.

The immediate support is seen at 1750, followed by 1720 level and the immediate resistance is seen at 1780, followed by 1800 level.

FCPO

Hovering around the Downtrend Line…

The FCPO will need to take over the 2330 level (the downtrend line) before further upside can set in. The FCPO will need to take over the 2330 level convincingly, else, the long term downward trading will resume. The downtrend line currently located at the 2330 level, forcing the FCPO to trade within the range of 2330 to 2200 levels. Taking over the 2330 level will give us a good opportunity to initiate long position.

The immediate important support is seen at 2250 level, followed by 2215 and the immediate resistance is seen at 2350 level, followed by 2400 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 May, Wednesday (Genting)

Genting

Last Done: RM10.90

The stock is facing with its immediate resistance at RM11.00, provided the mentioned level can be taken over, else, nothing much to be expected. For investors who are having the stock may want to consider taking your first level of profit around current level.

The immediate support is seen at RM10.50, followed by RM10 and the immediate resistance is seen at RM11.00 level, followed by another tough resistance at RM12.

 

FKLI

Trading with Cautious…

The market is expected to resume its huge volatility for these 2 weeks and the political front remains uncertain at this moment.

Technically, no conclusion that we can make at this moment as the chart yet to show us a pattern/ direction that we can follow. However, the RSI has shown its peak and this might cause the index to trade towards south side.

Risk averse investors should not hold any position for overnight and any position initiation should couple with tight stop loss.

Risk taker investors can initiate short position, especially any level near to 1800 with stop loss level around 1820 level.

The immediate support is seen at 1750, followed by 1720 level and the immediate resistance is seen at 1800 level.

 

FCPO

Immediate Resistance – 2350 Level…

The FCPO will need to take over the 2350 level (the downtrend line) before further upside can set in. The FCPO will need to take over the 2350 level convincingly, else, the long term downward trading will resume. The downtrend line currently located at the 2350 level, forcing the FCPO to trade within the range of 2350 to 2200 levels. Taking over the 2350 level will give us a good opportunity to initiate long position.

For the week, the immediate important support is seen at 2250 level, followed by 2215 and the immediate resistance is seen at 2350 level, followed by 2400 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 May, Tuesday (MRCB)

MRCB

Last Done: RM1.73

The stock is currently staying above the SMA 200, indicating more uptrend moving forward with the immediate strong support is seen at RM1.55 level. Any new position initiation can take the above mentioned level as a stop loss level.

The immediate support is seen at RM1.55, followed by RM1.20 and the immediate resistance is seen at RM2.00 level. 

FKLI

Trading with Cautious…

The market is expected to resume its huge volatility for these 2 weeks and the political front remains uncertain at this moment. 

Technically, no conclusion that we can make at this moment as the chart yet to show us a pattern/ direction that we can follow. However, the RSI has shown its peak and this might cause the index to trade towards south side.

Risk averse investors should not hold any position for overnight and any position initiation should couple with tight stop loss.

Risk taker investors can initiate short position, especially any level near to 1800 with stop loss level around 1820 level.

The immediate support is seen at 1750, followed by 1720 level and the immediate resistance is seen at 1780, followed by 1800 level.

FCPO

Immediate Resistance – 2350 Level…

The FCPO will need to take over the 2350 level (the downtrend line) before further upside can set in. The FCPO will need to take over the 2350 level convincingly, else, the long term downward trading will resume. The downtrend line currently located at the 2350 level, forcing the FCPO to trade within the range of 2350 to 2200 levels. Taking over the 2350 level will give us a good opportunity to initiate long position.

For the week, the immediate important support is seen at 2250 level, followed by 2215 and the immediate resistance is seen at 2350 level, followed by 2400 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 May, Fri Monday (DJIA)

DJIA

Supporting above 15000 Level?

The 15000 level becomes the immediate important support for DJIA. Provided this level can be supported, else, the index will start its downward trading. However, no major retracement is expected for this quarter.

The immediate important support is seen at 15000 level, followed by 14500 level and the immediate resistance is seen at 15200 level, followed by 15300 level.

FKLI

Uncertainty Resume…

The market is expected to resume its huge volatility for these 2 weeks and the political front remains uncertain at this moment. 

Technically, no conclusion that we can make at this moment as the chart yet to show us a pattern/ direction that we can follow. However, the RSI has shown its peak and this might cause the index to trade towards south side.

Risk averse investors should not hold any position for overnight and any position initiation should couple with tight stop loss.

Risk taker investors can initiate short position, especially any level near to 1800 with stop loss level around 1820 level.

For the week, the immediate support is seen at 1750, followed by 1720 level and the immediate resistance is seen at 1780, followed by 1800 level.

FCPO

Immediate Resistance – 2350 Level…

The FCPO will need to take over the 2350 level (the downtrend line) before further upside can set in. The FCPO will need to take over the 2350 level convincingly, else, the long term downward trading will resume. The downtrend line currently located at the 2350 level, forcing the FCPO to trade within the range of 2350 to 2200 levels. Taking over the 2350 level will give us a good opportunity to initiate long position.

For the week, the immediate important support is seen at 2250 level, followed by 2215 and the immediate resistance is seen at 2350 level, followed by 2400 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 May, Friday (Bursa)

Bursa

Last Done: RM7.75

Immediate Resistance – RM7.80!

The stock is facing with its immediate resistance at RM7.80 level, provided the mentioned level can be taken over, else nothing much to be expected from the stock. The strong support is seen at RM7.00.

The immediate support is seen at RM7.50, followed by RM7.00 and the immediate resistance is seen at RM7.80, followed by RM8.00 level.

FKLI

Downside Bias… 

The market is expected to resume its huge volatility for these 3 weeks and the political front remains uncertainty at this moment. 

Technically, no conclusion that we can make at this moment as the chart yet to show us a pattern/ direction that we can follow.

Risk averse investors should not hold any position for overnight and any position initiation should couple with tight stop loss.

Risk taker investors can initiate short position, especially any level near to 1800 with stop loss level around 1820 level.

The immediate support is seen at 1750, followed by 1720 level and the immediate resistance is seen at 1780, followed by 1800 level.

FCPO

Immediate Resistance – 2300 Level…

The FCPO will need to take over the 2300 level before further upside can set in. The FCPO will need to take over the 2300 level convincingly, else, the long term downward trading will resume. The downtrend line currently located at the 2260 level, forcing the FCPO to trade within the range of 2300 to 2200 levels. 2200 level remains as a level to initiate long position with stop loss level being 20 points away.

The immediate important support is seen at 2250 level, followed by 2215 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.

9th May, Thursday (AirAsia)

AirAsia

Last Done: RM3.02

Immediate Support – RM3.00!

The stock leaps above the important SMA 200, Fibonacci level of 50% and psychological level (RM3.00). The RM3.00 will become a strong support level and it is worthwhile to accumulate position around current level with stop loss being set around RM2.80 level.

The immediate support is seen at RM2.80, followed by RM2.50 and the immediate resistance is seen at RM3.40, followed by RM3.60 level.

FKLI

Downside Bias… 

The market is expected to resume its huge volatility for these 3 weeks and the political front remains uncertainty at this moment. 

Technically, no conclusion that we can make at this moment as the chart yet to show us a pattern/ direction that we can follow.

Risk averse investors should not hold any position for overnight and any position initiation should couple with tight stop loss.

Risk taker investors can initiate short position, especially any level near to 1800 with stop loss level around 1820 level.

The immediate support is seen at 1750, followed by 1720 level and the immediate resistance is seen at 1780, followed by 1800 level.

FCPO

Immediate Resistance – 2300 Level…

The FCPO will need to take over the 2300 level before further upside can set in. The FCPO will need to take over the 2300 level convincingly, else, the long term downward trading will resume. The downtrend line currently located at the 2260 level, forcing the FCPO to trade within the range of 2300 to 2200 levels. 2200 level remains as a level to initiate long position with stop loss level being 20 points away.

The immediate important support is seen at 2250 level, followed by 2215 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.

8th May, Wednesday (UEM Land)

UEM Land

Last Done: RM3.28

Immediate Resistance – RM3.40 Level!

The stock faces with its immediate resistance at RM3.40 (2-year high), provided the above mentioned level can be taken out, the stock will only head towards RM4.00 level. I am expecting minor retracement to set in as a lot of technical indicators are reaching its peak with the support is seen at RM3.00 level.

The immediate support is seen at RM3.00, followed by RM2.70 and the immediate resistance is seen at RM3.40, followed by RM3.50 level.

FKLI

Downside Bias…

The market is expected to resume its huge volatility for these 2 weeks and the political front remains uncertainty at this moment.

Risk averse investors should not hold any position for overnight and any position initiation should couple with tight stop loss.

Risk taker investors can initiate short position, especially any level near to 1800 with stop loss level around 1820 level.

The immediate support is seen at 1750, followed by 1720 level and the immediate resistance is seen at 1780, followed by 1800 level.

 

FCPO

Immediate Important Support – 2200 Level…

Nothing has changed since yesterday as the downtrend line currently located at the 2260 level, forcing the FCPO to trade within the range of 2300 to 2200 levels. The FCPO will need to take over the 2300 level convincingly, else, the long term downward trading will resume. 2200 level remains as a level to initiate long position with stop loss level being 20 points away.

The immediate important support is seen at 2215 level, followed by 2200 and the immediate resistance is seen at 2300 level, followed by 2400 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.