1st July, Monday (DJIA)

DJIA

Range Trading of SMA 100 to SMA 20…

The index might be trading within the 14700 to 15000 levels for the week. Any drop below the 14700 might trigger further selling pressure to the market. Nothing much to be expected as it might be hovered around the 15000 level.

The immediate support is seen at 14700, followed by 14500 and the immediate resistance is seen at 15000, followed by 15200 level. 

FKLI

Range Trading to Resume?

As mentioned, the FKLI has been traded within the 1750 to 1790 range for the past 2 months, any drop below/ above the range mentioned above might cause a strong trend towards respective direction.

Investors who are holding long position will need to take extra cautious as this might be the start of the downward trading, especially when the index has been trading below the SMA 20 (1770) for more than a week. Any rebound above 1780 should serve as a good level to initiate short position.

The FKLI might need to close the gap set after the GE13 (1720 – 1700) before any technical rebound can set in.

The immediate support is seen at 1750 level, followed by 1730 level and the immediate resistance is seen at 1770 level, followed by 1780 level.

FCPO

Short Term Downward Trading…

The FCPO not able to take over the SMA 200, this might attract more shortist as the next reliable support is seen at 2250 level only. Any dropped below/ near to the mentioned level should serve as a good level to initiate long position with stop loss being set around 2220 level.

The immediate support is seen at 2300 level, followed by 2250 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.

28th June, Friday (Maybulk)

Maybulk

       

Range Trading – RM1.85 to RM1.65…

The stock is currently building its base within RM1.85 to RM1.65 and the immediate reliable support is located at RM1.50 (SMA 200). Any new position initiation should take the RM1.50 as a good reference level for placing of stop loss order.

The immediate support is seen at RM1.65, followed by RM1.50 and the immediate resistance is seen at RM1.85, followed by RM2.00 level.

FKLI

Remains below SMA 20…

The immediate resistance will be at 1750 level.  Investors who are holding long position will need to take extra cautious as this might be the start of the downward trading, especially when the index has been trading below the SMA 20 (1760) for more than 2 weeks. Any rebound above/ near to 1780 should serve as a good level to initiate short position with stop loss level being set around 1790 level.

The FKLI might need to close the gap set after the GE13 (1720 – 1700) before any technical rebound can set in. The immediate support is seen at 1730 level, followed by 1720 level and the immediate resistance is seen at 1750 level, followed by 1760 level.

FCPO

Short Term Downward Trading…

The FCPO not able to take over the SMA 200, this might attract more shortist as the next reliable support is seen at 2250 level only. Any dropped below/ near to the mentioned level should serve as a good level to initiate long position with stop loss being set around 2220 level.

The immediate support is seen at 2300 level, followed by 2250 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.

27th June, Thursday (Hap Seng)

Hap Seng

Immediate Tough Resistance – RM2.00!

The stock will face with its immediate resistance at RM2.00 level (psychological level & Fibonacci level of 78.6%). Provided the above level can be taken out convincingly, else, nothing much to be expected. Investors who have bought the share previously might consider taking your first level of profit around current level.

The immediate support is seen at RM1.75, followed by RM1.50 and the immediate resistance is seen at RM2.00, followed by RM2.35 level. 

FKLI

Immediate Resistance – 1750!

The immediate resistance will be at 1750 level. However, as mentioned, the FKLI has been traded within the 1750 to 1790 range for the past 1 and the half months, thus any drop below/ above the range mentioned above might cause a strong trend towards respective direction.

Investors who are holding long position will need to take extra cautious as this might be the start of the downward trading, especially when the index has been trading below the SMA 20 (1770) for more than a week. Any rebound above 1780 should serve as a good level to initiate short position.

The FKLI might need to close the gap set after the GE13 (1720 – 1700) before any technical rebound can set in.

The immediate support is seen at 1730 level, followed by 1720 level and the immediate resistance is seen at 1750 level, followed by 1760 level.

FCPO

Hovering around SMA 200…

The FCPO is facing with its tough resistance at SMA 200 (2465 level). Investors should expect further tight range trading (within 200 points) for the coming few months until the SMA 200 is being taken over convincingly. Even taking over the 2500 level, the FCPO will face with its final tough hurdle at 2600 level (Fibonacci level of 23.6%). Provided both these levels can be taken over convincingly, more upside is expected.

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 June, Tuesday (MahSing)

Mah Sing

Immediate Support – SMA 50…

The stock will need to stay above its important support level – SMA 50 (RM2.75), else, the stock will have a free fall and the next reliable support level can be seen at RM2.25 only.

The immediate support is seen at RM2.75, followed by RM2.50 and the immediate resistance is seen at RM3.00, followed by RM3.20 level. 

FKLI

Downward Pressure Confirmed?

It is too early to make a firm decision. However, as mentioned, the FKLI has been traded within the 1750 to 1790 range for the past 1 and the half months, thus any drop below/ above the range mentioned above might cause a strong trend towards respective direction.

Investors who are holding long position will need to take extra cautious as this might be the start of the downward trading, especially when the index has been trading below the SMA 20 (1770) for more than a week. Any rebound above 1780 should serve as a good level to initiate short position.

The FKLI might need to close the gap set after the GE13 (1720 – 1700) before any technical rebound can set in.

The immediate support is seen at 1720 level, followed by 1700 level and the immediate resistance is seen at 1750 level, followed by 1760 level.

FCPO

Hovering around SMA 200…

The FCPO is facing with its tough resistance at SMA 200 (2465 level). Investors should expect further tight range trading (within 200 points) for the coming few months until the SMA 200 is being taken over convincingly. Even taking over the 2500 level, the FCPO will face with its final tough hurdle at 2600 level (Fibonacci level of 23.6%). Provided both these levels can be taken over convincingly, more upside is expected.

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.

24th June, Monday (DJIA)

DJIA

Next Important Support – SMA 100…

The DJIA dropped below SMA 50 for the 1st time in this year. This might be the start of the downward trading. Investors will need to pay additional attention on the next important support - SMA 100 (14600). Trading below 15000 level may indicate more downside moving forward, especially if the SMA 50 is not able to be supported. The index never trades below the SMA 50 since the start of 2013, thus, any drop below SMA 50 should attract more sellers in the market.

The immediate support is seen at 14600, followed by 14000 and the immediate resistance is seen at 15000, followed by 15200 level. 

FKLI

Range Trading to Resume?

As mentioned, the FKLI has been traded within the 1750 to 1790 range for the past 1 and the half months, any drop below/ above the range mentioned above might cause a strong trend towards respective direction.

Investors who are holding long position will need to take extra cautious as this might be the start of the downward trading, especially when the index has been trading below the SMA 20 (1770) for more than a week. Any rebound above 1780 should serve as a good level to initiate short position.

The FKLI might need to close the gap set after the GE13 (1720 – 1700) before any technical rebound can set in.

The immediate support is seen at 1750 level, followed by 1730 level and the immediate resistance is seen at 1770 level, followed by 1780 level.

FCPO

Hovering around SMA 200…

The FCPO is facing with its tough resistance at SMA 200 (2465 level). Investors should expect further tight range trading (within 200 points) for the coming few months until the SMA 200 is being taken over convincingly. Even taking over the 2500 level, the FCPO will face with its final tough hurdle at 2600 level (Fibonacci level of 23.6%). Provided both these levels can be taken over convincingly, more upside is expected.

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.

21st June, Friday (DJIA)

DJIA

Downward Pressure Started?

The DJIA dropped below SMA 50 for the 1st time in this year. This might be the start of the downward trading. Investors will need to pay additional attention on the next important support - SMA 100. Trading below 15000 level may indicate more downside moving forward, especially if the SMA 50 is not able to be supported. The index never trades below the SMA 50 since the start of 2013, thus, any drop below SMA 50 should attract more sellers in the market.

The immediate support is seen at 14600, followed by 14500 and the immediate resistance is seen at 15000, followed by 15200 level. 

FKLI

1750 – Able to be Supported?

As mentioned, the FKLI has been traded within the 1750 to 1790 range for the past 1 and the half months, any drop below/ above the range mentioned above might cause a strong trend towards respective direction.

Investors who are holding long position will need to take extra cautious as this might be the start of the downward trading, especially when the index has been trading below the SMA 20 (1770) for more than a week.

The FKLI might need to close the gap set after the GE13 (1720 – 1700) before any technical rebound can set in.

The immediate support is seen at 1750 level, followed by 1730 level and the immediate resistance is seen at 1770 level, followed by 1780 level.

FCPO

Hovering around SMA 200…

The FCPO is facing with its tough resistance at SMA 200 (2465 level). Investors should expect further tight range trading (within 200 points) for the coming few months until the SMA 200 is being taken over convincingly. Even taking over the 2500 level, the FCPO will face with its final tough hurdle at 2600 level (Fibonacci level of 23.6%). Provided both these levels can be taken over convincingly, more upside is expected.

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.

20th June, Thursday (YTL)

YTL

Last Done: RM1.66

Immediate Support – SMA 100!

Not much to be expected from the stock as the stock will face with its immediate resistance at SMA 200 (RM1.75). Provided the RM1.75 level can be taken over convincingly, else, the stock will be hovering within the tight range of RM1.55 to RM1.75.

The immediate support is seen at RM1.65, followed by the strong support level at RM1.50 and the immediate resistance is at RM1.75, followed by RM1.85 level.

FKLI

Hovering around the SMA 20…

As mentioned, the FKLI has been traded within the 1750 to 1790 range for the past 1 and the half months, any drop below/ above the range mentioned above might cause a strong trend towards respective direction.

Investors who are holding long position will need to take extra cautious as this might be the start of the downward trading, especially when the index has been trading below the SMA 20 (1770) for a week.

The FKLI might need to close the gap set after the GE13 (1720 – 1700) before any technical rebound can set in.

The immediate support is seen at 1760 level, followed by 1750 level and the immediate resistance is seen at 1780 level, followed by 1790 level.

FCPO

Hovering around SMA 200…

The FCPO is facing with its tough resistance at SMA 200 (2465 level). Investors should expect further tight range trading (within 200 points) for the coming few months until the SMA 200 is being taken over convincingly. Even taking over the 2500 level, the FCPO will face with its final tough hurdle at 2600 level (Fibonacci level of 23.6%). Provided both these levels can be taken over convincingly, more upside is expected.

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.

19th June, Wednesday (Faber)

Faber

Last Done: RM1.82

Starting of the Uptrend?

The stock took over the Fibonacci level of 23.6% yesterday, a level that never being taken over for the past 1 year. This may indicate the upcoming trend will be skewed towards north. Investors who decided to accumulate position can set your stop loss around the reliable support level – RM1.50 (SMA 200).

The immediate support is seen at RM1.70, followed by the strong support level at RM1.50 and the immediate resistance is at RM2.00 level.

FKLI

Hovering around the SMA 20…

As mentioned, the FKLI has been traded within the 1750 to 1790 range for the past 1 and the half  month, any drop below/ above the range mentioned above might cause a strong trend towards respective direction.

Investors who are holding long position will need to take extra cautious as this might be the start of the downward trading, especially when the index has been trading below the SMA 20 (1770) for nearly a week.

The FKLI might need to close the gap set after the GE13 (1720 – 1700) before any technical rebound can set in.

The immediate support is seen at 1760 level, followed by 1750 level and the immediate resistance is seen at 1780 level, followed by 1790 level.

FCPO

Hovering around SMA 200…

The FCPO is facing with its tough resistance at SMA 200 (2465 level). Investors should expect further tight range trading (within 200 points) for the coming few months until the SMA 200 is being taken over convincingly. Even taking over the 2500 level, the FCPO will face with its final tough hurdle at 2600 level (Fibonacci level of 23.6%). Provided both these levels can be taken over convincingly, more upside is expected.

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.

18th June, Tuesday (MayBank)

MayBank

Overall Uptrend Remains Intact…

The overall uptrend for the stock remains intact as the stock staying firmly above all its moving averages. The immediate strong support is at RM10 (SMA 50). If this level is not able to be supported, the next reliable support will be seen at RM9.50 only.

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

FKLI

Hovering around the SMA 20…

As mentioned, the FKLI has been traded within the 1750 to 1790 range for the past 1 month, any drop below/ above the range mentioned above might cause a strong trend towards respective direction.

Investors who are holding long position will need to take extra cautious as this might be the start of the downward trading, especially when the index has been trading below the SMA 20 (1770) for the past 3 days.

The FKLI might at least close the gap set after the GE13 (1720 – 1700) before any technical rebound can set in.

The immediate support is seen at 1760 level, followed by 1750 level and the immediate resistance is seen at 1780 level, followed by 1790 level.

FCPO

Hovering around SMA 200…

The FCPO is facing with its tough resistance at SMA 200 (2480 to 2500 Levels). Investors should expect further tight range trading (within 200 points) for the coming few months until the SMA 200 is being taken over convincingly. Even taking over the 2500 level, the FCPO will face with its final tough hurdle at 2600 level (Fibonacci level of 23.6%). Provided both these levels can be taken over convincingly, more upside is expected.

The immediate support is seen at 2400 level, followed by 2350 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.

17th June, Monday (DJIA)

DJIA

Important Support – SMA 50…

The DJIA remains hovering around the SMA 50 (15000 level). Investors will need to pay additional attention on the SMA 50. Trading below 15000 level may indicate more downside moving forward, especially if the SMA 50 is not able to be supported. The index never trades below the SMA 50 since the start of 2013, thus, any drop below SMA 50 should attract more sellers in the market.

The immediate support is seen at 15000, followed by 14700 and the immediate resistance is seen at 15300, followed by 15500 level. 

FKLI

Starting of the Downward Trading…

As mentioned, the FKLI has been traded within the 1750 to 1790 range for the past 1 month, any drop below/ above the range mentioned above might cause a strong trend towards respective direction.

Investors who are holding long position will need to take extra cautious as this might be the start of the downward trading, especially when the index has been trading below the SMA 20 for the past 2 days.

The FKLI might at least close the gap set after the GE13 (1720 – 1700) before any technical rebound can set in.

For the week, the immediate support is seen at 1750 level, followed by 1700 level and the immediate resistance is seen at 1760 level, followed by 1780 level.

FCPO

Tough Resistance – SMA 100 & SMA 200…

The FCPO is facing with its tough resistance at SMA 200 (2500). Investors should expect further tight range trading (within 200 points) for the coming few months. Even taking over the 2500 level, the FCPO will face with its final hurdle at 2600 level (Fibonacci level of 23.6%). Provided both these levels can be taken over, more upside is expected.

For the week, the immediate support is seen at 2400 level, followed by 2350 level and the immediate resistance is seen at 2500 level, followed by 2600 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 June, Friday (Bursa)

Bursa

Last Done: RM7.54

Starting of the Downward Trading?

If the stock not manages to stay above the SMA 30 (RM7.50), the chances for further downward trading will be very high. SMA 30 level has been challenged 3 times since beginning of this year and it has been well supported. Thus, if the stock not able to sustain above this level, investors will need to take extra cautious and take your profit accordingly.

The immediate support is seen at RM7.40, followed by RM7.00 and the immediate resistance is seen at RM7.70, followed by RM8.20 level.

FKLI

Red Alert…

As mentioned, the FKLI has been traded within the 1750 to 1790 range for the past 1 month, any drop below/ above the range mentioned above might cause a strong trend towards respective direction.

The 1750 level has been taken out convincingly yesterday, thus, investors who are holding long position will need to take extra cautious as this might be the start of the downward trading.

The FKLI might at least close the gap set after the GE13 (1720 – 1700) before any technical rebound can set in.

The immediate support is seen at 1720 level, followed by 1700 level and the immediate resistance is seen at 1750 level, followed by 1760 level.

 

FCPO

Hovering around SMA 200…

The FCPO is facing with its tough resistance at SMA 200 (2480 to 2500 Levels). Investors should expect further tight range trading (within 200 points) for the coming few months until the SMA 200 is being taken over convincingly. Even taking over the 2500 level, the FCPO will face with its final tough hurdle at 2600 level (Fibonacci level of 23.6%). Provided both these levels can be taken over convincingly, more upside is expected.

The immediate support is seen at 2400 level, followed by 2350 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.

13th June, Thursday (JCY)

JCY

Last Done: RM0.64

Starting of the Uptrend?

The stock took over its first barrier – SMA 50, a level that has been tested for four times since its dropped from RM1.50. Investors can follow closely on this stock and accumulate position if the stock successfully taking over the SMA 200 level (RM0.70). Taking over SMA 200 will indicate higher probability for the stock to move further towards north.

The immediate support is seen at RM0.50 and the immediate resistance is seen at RM0.75, followed by RM1.00.

FKLI

Range Trading…

Nothing has changed since yesterday as the range trading of 40 points (1790 – 1750) is expected to resume, provided either of this level can be taken out, else, nothing much to be expected. No matter what, the downside risk remains high from both fundamental and technical perspective. Any rebound, especially near to 1800 level should serve as a good level to initiate short position with stop loss level being set around 1820 level.

The immediate support is seen at 1755 level and the immediate resistance is seen at 1790 level, followed by 1800 level.

FCPO

Tough Resistance – SMA 200!

The FCPO is facing with its tough resistance at SMA 200 (2480 to 2500 Levels). Investors should expect further tight range trading (within 200 points) for the coming few months. Even taking over the 2500 level, the FCPO will face with its final tough hurdle at 2600 level (Fibonacci level of 23.6%). Provided both these levels can be taken over convincingly, more upside is expected.

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.