1st August, Thursday (Tropicana)

Tropicana

Last Done: RM1.77

Important Support Level – SMA 100!

The immediate important support level is seen at SMA 100 (RM1.70), this level is reliable as both the SMA 100 & Fibonacci level of 61.8% are located. If this level is not able to be supported, the next reliable support level will be at RM1.50.

Any new accumulation can place your stop loss level around RM1.60. The immediate support is seen at RM1.70, followed by RM1.50 and the immediate resistance is seen at RM2.00, followed by RM2.20.

FKLI

Trading within the Range of 1755 – 1795 Levels!

The FKLI is expected to trade within the range of 1755 to 1795 level. Those who have shorted previously should consider to at least take your first level of profit around 1755. Any level near to 1750 should provide us with the opportunity to initiate long position but with tight stop loss level.

The immediate support is seen at 1750, followed by 1730 and the immediate resistance is seen at 1780 level, followed by 1800 level.

FCPO

Trading Above 2215 Level…

So long as this level can be convincingly taken over, more uptrend is expected. Long position will be preferred with stop loss level being placed around 2180 level.

The immediate support is seen at 2200 level, followed by 2150 level and the immediate resistance is seen at 2250 level, followed by 2280 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.

31st July, Wednesday (KPS)

KPS

Last Done: RM1.80

The stock is expected to resume its uptrend with the immediate resistance is seen at RM2.00. Provided the RM2.00 level can be taken out convincingly, else, nothing much to be expected. Any new position initiation can place your stop loss level around RM1.55 (SMA 50), this should serve as a reliable support level, at least for now.

The immediate support is seen at RM1.50, followed by RM1.30 and the immediate resistance is seen at RM2.00, followed by RM2.50.

FKLI

Short Position…

As mentioned, short position can be initiated if the index dropped below 1800 level. Any new position initiation can place your stop loss level slightly above 1800. However, nothing much to be expected as the index will resume in a very tight range trading (1750 – 1800 level).

The immediate support is seen at 1780, followed by 1770 and the immediate resistance is seen at 1800 level, followed by 1810 level.

FCPO

Uptrend Started?

The FCPO closed at the important level that we are looking at – 2215 (a level that never being taken over for the past 4 years). So long as this level can be convincingly being taken over, more uptrend is expected. 

Long position will be preferred with stop loss level being placed around 2180 level.

The immediate support is seen at 2200 level, followed by 2150 level and the immediate resistance is seen at 2215 level, followed by 2280 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.

30th July, Tuesday (Bursa)

Bursa

Last Done: RM8.42

Overall uptrend for the stock is expected to continue, especially when the stock is able to take over the Fibonacci level of 78.6% (RM8.30). This level should serve as a good reference for placing of stop loss for any new position initiation.

The immediate support is seen at RM8.30, followed by RM8.00 and the immediate resistance is seen at RM8.50, followed by RM9.00.

FKLI

Important Reference – 1800 Level…

This is a good reference level for any new position initiation and placing of stop loss point. Any short position should only come in if the index retraced below 1800 level, else, investor will need to take more risk when initiating short position. 

The FKLI has been trading within the range of 1720 – 1790 for the past 2.5 months, the recent breakout of 1790 might indicate further north side trading, especially with the prices already staying above the 1790 for the past 1 week. Thus, this should attract us to be more conservative when initiating short position. 

The immediate support is seen at 1800, followed by 1780 and the immediate resistance is seen at 1810 level.

FCPO

Close Monitoring…

Since the FCPO is hovering around the 2200 level, investors should closely monitor the mentioned level. If the FCPO successfully to regain its posture above the 2200 level, this should give us an opportunity to initiate long position with stop loss level being placed around 2180 level.

Last week, the FCPO for the 1st time traded below the important support level of 2200, a level that never being taken out for the past 4 years. However, there is no firm direction for us to conclude at this moment. Any intraday position initiation should take the 2200 as a reference level for placing stop loss.

The immediate support is seen at 2150 level, followed by 2100 level and the immediate resistance is seen at 2200 level, followed by 2250 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 July, Monday (DJIA)

DJIA

Overall, the index is expected to resume its upward trading with the immediate resistance is seen at 16000 level only. The index is expected to hover around the 15500 level and any break above or below the 15500 level convincingly should give us an indication of the market direction.

The immediate support is seen at 15500 level, followed by 15300 level and the immediate resistance is seen at 15800 level, followed by 16000 level. 

FKLI

Tight Range Trading…

Nothing has changed since last Friday as any short position should only come in if the index retraced below 1800 level, else, investor will need to take more risk when initiating short position. 

The FKLI has been trading within the range of 1720 – 1790 for the past 2.5 months, the recent breakout of 1790 might indicate further north side trading, especially with the prices already staying above the 1790 for the past 1 week. Thus, this should attract us to be more conservative when initiating short position. 

FCPO

Close Monitoring…

Since the FCPO is hovering around the 2200 level, investors should closely monitor the mentioned level. If the FCPO successfully to regain its posture above the 2200 level, this should give us an opportunity to initiate long position with stop loss level being placed around 2180 level.

Last week, the FCPO for the 1st time traded below the important support level of 2200, a level that never being taken out for the past 4 years. However, there is no firm direction for us to conclude at this moment. Any intraday position initiation should take the 2200 as a reference level for placing stop loss.

The immediate support is seen at 2150 level, followed by 2100 level and the immediate resistance is seen at 2200 level, followed by 2250 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.

26th July, Friday (Top Glove)

Top Glove

Last Done: RM6.07

The immediate support will be at RM6.00, followed by a reliable support of RM5.80. Investors can take the above mentioned level as a good reference level to place your stop loss or to take your profit. So long as the stock can sustain above the RM5.80 level, the uptrend is expected to resume.

The immediate support is seen at RM6.00, followed by RM5.80 and the immediate resistance is seen at RM6.50, followed by RM6.80 level.

 

FKLI

Tight Range Trading…

The FKLI has been trading within the range of 1720 – 1790 for the past 2.5 months, the recent breakout of 1790 might indicate further north side trading, especially with 5 days of candlestick trading above the 1790. Thus, this should attract us to be more conservative when initiating short position.

However, since the RSI is approaching 71, this might be an indication of the toppish for the FKLI. Any short position should only come in if the index retraced below 1800 level, else, investor will need to increase the stop loss level placed.

 

FCPO

Stay on Bay…

The FCPO for the 1^st time traded below the important support level of 2200 level, a level that never being taken out for the past 4 years. However, there is no firm direction for us to conclude at the moment. Any intraday position initiation should take the 2200 as a reference level for placing stop loss.

The immediate support is seen at 2150 level, followed by 2100 level and the immediate resistance is seen at 2200 level, followed by 2250 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 July, Thursday (Kim Lun)

Kim Lun

Last Done: RM2.28

Further uptrend is expected as the stock yet to have any indication of exhaustion. The immediate support is seen at Fibonacci level of 78.6% (RM2.23).

The immediate support is seen at RM2.20, followed by RM2.00 and the immediate resistance is seen at RM2.50, followed by RM2.80 level. 

FKLI

Cautious… 

The FKLI has been trading within the range of 1720 – 1790 for the past 2.5 months, the recent breakout of 1790 might indicate further north side trading, especially with 4 days of candlestick trading above the 1790. Thus, this should attract us to be more conservative when initiating short position. 

However, since the RSI is approaching 71, this might be an indication of the toppish for the FKLI. Any short position should only come in if the index retraced below 1800 level, else, higher risk an investor will need to bear. 

FCPO

Opportunity to Initiate Long Position

View maintained as the FCPO is approaching its reliable support level (2215), a level that has been tested for the past 4 times.The current level should serve as a good level to initiate long position with stop loss being set around 2190 level.

The FCPO is expected to trade within the 200 points range - 2215 to 2415 level (SMA 200), provided either of these levels can be taken over, else, nothing much to be expected. 

The immediate support is seen at 2215 level, followed by 2200 level and the immediate resistance is seen at 2250 level, followed by 2300 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 July, Wednesday (MRCB)

MRCB

Last Done: RM1.61

Immediate Strong Support – RM1.50 Level!

The immediate strong support is seen at RM1.50 level (SMA 200 & Fibonacci level of 23.6%), any drop near to this level should give us an opportunity to accumulate the stock with stop loss being set around RM1.40.

The immediate support is seen at RM1.50, followed by RM1.25 and the immediate resistance is seen at RM2.00, followed by RM2.50 level.

 

FKLI

Initiating Long Position? 

Since the index has taken over the 1790 level convincingly, is this the time to initiate long position? In my opinion, investors can initiate long position around 1800 level with stop loss level being placed around 1790 level.  However, I am in the view that the upside the limited at the moment.

The immediate support is seen at 1790 level, followed by 1780 level and the immediate resistance is seen at 1810 level, followed by 1820 level.

 

FCPO

Opportunity to Initiate Long Position

The current level should serve as a good level to initiate long position with stop loss being set around 2240 - 2210 level.

The FCPO is expected to trade within the 200 points range - 2215 to 2415 level (SMA 200), provided either of these levels can be taken over, else, nothing much to be expected. The FCPO not able to take over the SMA 200, this might attract more shortist as the next reliable support is seen at 2215 level only.

The immediate support is seen at 2250 level, followed by 2215 level and the immediate resistance is seen at 2280 level, followed by 2300 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 July, Tuesday (Puncak)

Puncak

Last Done: RM2.53

The immediate strong support is seen at RM2.25 level (SMA 20 & Fibonacci level of 61.8%), any drop near to this level should give us an opportunity to accumulate for short term trading. For risk taker investor, current level (which is near to the psychological support of RM2.50) should provide a good level for investors to accumulate position.

The immediate support is seen at RM2.50, followed by RM2.25 and the immediate resistance is seen at RM3.00, followed by RM3.50 level. 

FKLI

High to Sell…

Current level should give us an opportunity to initiate short position with stop loss level being set around 1810 level. However, investors will need to keep your stop loss tight as the uptrend might resume since the index has taken over the 1790 (upper band of the range trading). 

The immediate support is seen at 1780 level, followed by 1770 level and the immediate resistance is seen at 1810 level, followed by 1820 level.

FCPO

Opportunity to Initiate Long Position

The current level should serve as a good level to initiate long position with stop loss being set around 2240 level.

The FCPO is expected to trade within the 200 points range - 2215 to 2415 level (SMA 200), provided either of these levels can be taken over, else, nothing much to be expected. The FCPO not able to take over the SMA 200, this might attract more shortist as the next reliable support is seen at 2215 level only. 

The immediate support is seen at 2250 level, followed by 2215 level and the immediate resistance is seen at 2280 level, followed by 2300 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 July, Thursday (Pantech)

Pantech

Last Done: RM1.09

The stock remains its uptrend posture and any new position initiation can set your stop loss around RM0.95 with first profit taking to be placed around RM1.25 level.

The immediate support is seen at RM1.00, followed by RM0.80 and the immediate resistance is seen at RM1.50, followed by RM1.80 level.

FKLI

Sell on Strength…

The FKLI is expected to resume its range trading of 1750 to 1790 levels, any drop below/ above the range mentioned above might cause a strong trend towards respective direction.

Any rebound (especially above 1790) should give us an opportunity to initiate short position with stop loss level being set around 1805 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 1770 level, followed by 1750 level and the immediate resistance is seen at 1790 level, followed by 1800 level.

FCPO

Opportunity to Initiate Long Position

The FCPO is expected to trade within the 200 points range - 2215 to 2415 level (SMA 200), provided either of these levels can be taken over, else, nothing much to be expected. The FCPO not able to take over the SMA 200, this might attract more shortist as the next reliable support is seen at 2215 level only.

The current level should serve as a good level to initiate long position with stop loss being set around 2190 level.

The immediate support is seen at 2215 level, followed by 2200 level and the immediate resistance is seen at 2280 level, followed by 2300 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.