30th August, Friday (DJIA)

DJIA

Hovering around SMA 100…

The DJIA will need to regain its posture above the SMA 100 (15100 level) as soon as possible to avoid suffering major retracement. Breaking below the above mentioned level will indicate more downside for the DJIA moving forward. 

The next reliable & strong support level is only located at 14650 level & 14400 level (SMA 200). The immediate support is seen at 14600, followed by 14500 and the immediate resistance is seen at 15100, followed by 15400 level.

FKLI

Long Position Initiation?

As mentioned, long position can be initiated if the index successfully regains its posture above the 1700 level. However, any new position initiation should couple with tight stop loss level.

The immediate support is seen at 1700 level, followed by 1680 level and the immediate resistance is seen at 1720 level, followed by 1730 level.

FCPO

Range Trading – 2380 to 2580!

The FCPO is expected to trade within the range mentioned above. Investors can initiate long position when the FCPO trades near to 2380 level and initiate short position when the FCPO approaches 2580 level.

The immediate support is seen at 2400 level, followed by 2380 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.

29th August, Thursday (FBMKLCI)

FBMKLCI

Let’s have a close monitoring on the overall market instead of individual stock, at least for now. 

As mentioned, the 1700 should serve as a reliable support level and failure for this level to be supported might trigger massive selling as the next reliable support level can be seen at 1600 level. 

The index traded below the 1700 yesterday, investors will need to closely monitor this level for the remaining week. If this level is convincingly being taken over, this might be the start of the bear market.

The immediate support is seen at 1680, followed by 1650 and the immediate resistance is seen at 1700, followed by 1720 level.

FKLI

Tug of the War between Bulls & Bears!

FKLI remains having a strong support at 1700 level (SMA 200 & psychological level). However, the index is expected to trade below 1700 for today. Investors will need to closely monitor this level for this week. If this level is convincingly being taken over, the bears will win the war and it is expected to last at least 1 – 3 months.

Let’s stay on bay for a few days before decide to initiate any new position. Intraday investors should keep your stop loss tight whenever initiate any new position. Long position can be initiated if the index successfully regains its posture above the 1700 level.

The immediate support is seen at 1680 level, followed by 1650 level and the immediate resistance is seen at 1700 level, followed by 1720 level.

FCPO

Immediate Resistance - 2500 Level!

The immediate resistance is seen at 2500 level, followed by strong resistance at 2570. For those who have initiated your long position previously, you can revise your stop loss level higher to 2430 level and consider taking your first level of profit around 2490 level.

The immediate support is seen at 2450 level, followed by 2400 level and the immediate resistance is seen at 2500 level, followed by 2530 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 August, Wednesday (FBMKLCI)

FBMKLCI

Let’s look at the overall market instead of individual stock. Overall market remains resilient with the immediate reliable support is seen at 1700 level. The 1700 level should remain as a reliable and strong support level, failure for this level to be supported will trigger massive selling and the next reliable support level can be seen at 1600 level only.

The index is expected to trade below 1700 today, investors will need to closely monitor this level for this week. If this level is convincingly being taken over, this might be the start of the bear market, at least for now.

The immediate support is seen at 1680, followed by 1670 and the immediate resistance is seen at 1720, followed by 1730 level.

FKLI

Tug of the War between Bulls & Bears!

FKLI remains having a strong support at 1700 level (SMA 200 & psychological level). However, the index is expected to trade below 1700 for today. Investors will need to closely monitor this level for this week. If this level is convincingly being taken over, the bears will win the war and it is expected to last at least 1 – 3 months.

Let’s stay on bay for a few days before decide to initiate any new position. Intraday investors should keep your stop loss tight whenever initiate any new position.

The immediate support is seen at 1680 level, followed by 1650 level and the immediate resistance is seen at 1700 level, followed by 1720 level.

FCPO

Close Monitoring…

As mentioned, if the FCPO managed to take over the SMA 200 (2380 level) convincingly, more upside is expected. For those who have initiated your long position previously, you can revise your stop loss level higher to 2390 level.

The immediate support is seen at 2400 level, followed by 2380 level and the immediate resistance is seen at 2460 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.

27th August, Tuesday (FBMKLCI)

FBMKLCI

Let’s look at the overall market instead of individual stock. Overall market remains resilient with the immediate reliable support is seen at 1700 level. The 1700 level should remain as a reliable and strong support level, failure for this level to be supported will trigger massive selling and the next reliable support level can be seen at 1600 level only.

The immediate support is seen at 1710, followed by 1700 and the immediate resistance is seen at 1730, followed by 1750 level.

FKLI

Long Position is Preferred…

FKLI remains having a strong support at 1700 level (SMA 200 & psychological level). It is worthwhile to take a risk by initiating long position with stop loss being set around 1690 level. 

The immediate support is seen at 1700 level, followed by 1680 level and the immediate resistance is seen at 1730 level, followed by 1740 level.

FCPO

Close Monitoring…

As mentioned, if the FCPO managed to take over the SMA 200 (2380 level) convincingly, more upside is expected. However, yesterday gap opening is just the start, investors should monitor the market closely. For those who have initiated your long position previously, you can revise your stop loss level higher to 2390 level.

The immediate support is seen at 2400 level, followed by 2380 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.

26th August, Monday (DJIA)

DJIA

As mentioned, the DJIA will need to stay above the SMA 100 (15100 level) to avoid suffering major retracement. Breaking below the above mentioned level will indicate more downside for the DJIA moving forward. The next reliable & strong support level is only located at 14650 level & 14400 level (SMA 200). 

The immediate support is seen at 14600, followed by 14500 and the immediate resistance is seen at 15100, followed by 15400 level.

FKLI

Long Position is Preferred…

FKLI remains having a strong support at 1700 level (SMA 200 & psychological level). This should give investors a good opportunity to initiate long position with stop loss being set around 1690 level. 

Investors who have initiated long position yesterday should consider taking your first level of profit around 1745 level only.

The immediate support is seen at 1700 level, followed by 1680 level and the immediate resistance is seen at 1720 level, followed by 1730 level.

FCPO

Closer…

The FCPO is again approaching its tough resistance – SMA 200. The FCPO is expected to remain its tight range trading of 2300 to 2375 level (SMA 200). Provided either of the above mentioned level is being taken over, else, nothing much to be expected. However, long position remains preferred with stop loss level being set around 2290 level, especially if the FCPO managed to take over the SMA 200 level convincingly.

The immediate support is seen at 2300 level, followed by 2270 level 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.

23rd August, Friday (Tenaga)

Announcement: In view that they are increasing important questions being raised, I decided to open up the messenger starting 830am each morning for half an hour (830am – 9am) and this will start next Monday, 26th August 2013. Investors are encouraged to get ready your gmail to enable yourself to be able to access to the messenger.

Tenaga

Last Done: RM8.52

Investors who are having the stock should take extra cautious as this might be the starting of the downward trading. The stock has broken below the SMA 50 (RM8.65) and the next important support level is SMA 100 (RM8.35). Failure for this level to hold might trigger major retracement for the stock.

The immediate support is seen at RM8.35, followed by RM8.00 and the immediate resistance is seen at RM9.00.

FKLI

Long Position is Preferred…

Nothing has changed since yesterday as I am still in the view that FKLI having the same technical landscape as the underlying – strong support at 1700 level (SMA 200 & psychological level). This should give investors a good opportunity to initiate long position. Thus, any drop near to this level should give investors a very good opportunity to initiate long position with stop loss being set around 1690 level. 

Investors who have initiated long position yesterday should consider to take your first level of profit around 1745 level only.

The immediate support is seen at 1700 level, followed by 1680 level and the immediate resistance is seen at 1720 level, followed by 1730 level.

FCPO

Tight Range Trading Resume…

Nothing much to be expected as the FCPO will remain its tight range trading of 2300 to 2380 level (SMA 200). Provided either of the above mentioned level is being taken over, else, nothing much to be expected. However, long position remains preferred with stop loss level being set around 2290 level.

The immediate support is seen at 2300 level, followed by 2270 level 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.

22nd August, Thursday (DJIA)

DJIA

As mentioned, the DJIA will need to stay above the SMA 100 (15100 level) to avoid suffering major retracement. Breaking below the above mentioned level will indicate more downside for the DJIA moving forward. The next reliable & strong support level is only located at 14400 level (SMA 200). 

The immediate support is seen at 14600, followed by 14500 and the immediate resistance is seen at 15000, followed by 15100 level.

FKLI

Opportunity to Long…

FKLI having the same technical landscape as the underlying – having strong support at 1700 level (SMA 200 & psychological level) should give investors a good opportunity to initiate long position. Thus, any drop near to this level should give investors a very good opportunity to initiate long position with stop loss being set around 1690 level.

For risk taker investors, investors can initiate position around 1720 level (recent low) but with tight stop loss being placed.

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

Tight Range Trading Resume…

Nothing much to be expected as the FCPO will remain its tight range trading of 2300 to 2380 level (SMA 200). Provided either of the above mentioned level is being taken over, else, nothing much to be expected. However, long position remains preferred with stop loss level being set around 2290 level.

The immediate support is seen at 2300 level, followed by 2270 level 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.

21st August, Wednesday (FBMKLCI)

FBMKLCI

Overall market remains resilient with the immediate support is seen at 1737, followed by 1723 (recent low). So long as the above 2 levels can be supported, we should see the index to regain its posture above the 1750 level and resume its range trading of 1750 to 1790 level. Failure for the 1723 level to be supported might cause the index to retrace until 1700 level. The 1700 level should remain as a reliable and strong support level.

The immediate support is seen at 1735, followed by 1725 and the immediate resistance is seen at 1750, followed by 1760 level.

FKLI

Looking for Opportunity to Buy…

FKLI having the same technical landscape as the underlying – having strong support at 1700 level (SMA 200 & psychological level) should give investors a good opportunity to initiate long position. Thus, any drop near to this level should give investors a very good opportunity to initiate long position with stop loss being set around 1690 level.

For risk taker investors, investors can initiate position around 1720 level (recent low) with but with tight stop loss being placed.

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

Tight Range Trading – 2300 to 2380 Levels…

Nothing much to be expected as the FCPO will remain its tight range trading of 2300 to 2380 level (SMA 200). Provided either of the above mentioned level is being taken over, else, nothing much to be expected. However, long position remains preferred with stop loss level being set around 2290 level.

The immediate support is seen at 2300 level, followed by 2270 level 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 August, Friday (DJIA)

Announcement:

1)      Please be informed that there will be no daily market outlook for the coming 2 trading days as I will be away, 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 21^st of August 2013, Wednesday.

2)      In view that they are increasing important questions being raised, I decided to open up the messenger starting 830am each morning for half an hour (830am – 9am). This will start next Monday, 26^th August 2013. Investors are encouraged to get ready your gmail to enable yourself to be able to access to the messenger.

DJIA

Let’s have a look at DJIA since the index suffered more than 1% dropped yesterday. Overall technical landscape remains healthy at the moment as the index stays above the SMA 100 (15100). However, investors will need to take extra cautious as the index will need to stay above this level to avoid major retracement. This is the level that never being taken out since the start of 2013.

The immediate support is seen at 15000, followed by 14800 and the immediate resistance is seen at 15200, followed by 15300 level.

FKLI

Hold on to Short Position…

Those who have initiated your short position previously, as usual can hold on to your position and to take your first level of profit around 1760 level. The index is expected to resume its range trading of 1750 to 1790 levels.

The immediate support is seen at 1780 level, followed by 1760 level and the immediate resistance is seen at 1790 level, followed by 1800 level.

FCPO

Supported at 2300 Level?

The FCPO sustained above the 2300 level might indicate further upward trading is expected, at least until the next tough resistance – SMA 200 level (2380). 

As mentioned, so long as 2300 level can be convincingly taken over, more upward trading is expected. Long position will be preferred with stop loss level being placed slightly below 2300 level. 

The immediate support is seen at 2300 level, followed by 2270 level 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 August, Thursday (Tenaga)

Tenaga

Last Done: RM8.99

The stock will need to take over the RM9.00 for further uptrend to set in. Provided this level can be taken over convincingly, else, nothing much can be expected as the stock is expected to hover around the RM9.00 to RM8.60 (strong support – SMA 50).

The immediate support is seen at RM8.60, followed by RM8.30 and the immediate resistance is seen at RM9.00, followed by RM9.40.

FKLI

High to Short…

Any level above 1790 remains a good level to initiate short position with stop loss level being placed around 1810 level. The index is expected to resume its range trading of 1750 to 1790 levels.

The immediate support is seen at 1790 level, followed by 1770 level and the immediate resistance is seen at 1800 level, followed by 1820 level.

FCPO

Hovering around 2300 Level?

So long as 2300 level can be convincingly taken over, more upward trading is expected. Long position will be preferred if the 2300 level can be taken over with stop loss level being placed around 2280 level. The next tough resistance will be at SMA 200 (2380 level).

The immediate support is seen at 2215 level, followed by 2200 level 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.

14th August, Wednesday (CSL)

CSL

Last Done: RM0.27

A lot of the investors are asking about this stock. From technical perspective, the stock will need to take over the SMA 50 (RM0.30) for more uptrend to set in. SMA 50 is a level that never being taken over for the past 1 year, thus, taking over this level should indicate more upward trading moving forward. 

The immediate support is seen at RM0.25, followed by RM0.20 and the immediate resistance is seen at RM0.30, followed by RM0.35.

FKLI

High to Short…

I am still in the view that current level should give us an opportunity to initiate short position with stop loss level being set around 1815 level. 

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

Taking Over 2300 Level?

So long as this level can be convincingly taken over, more upward trading is expected. Long position will be preferred if the 2300 level can be taken over with stop loss level being placed around 2280 level. The next tough resistance will be at SMA 200 (2380 level).

The immediate support is seen at 2215 level, followed by 2200 level 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.

7th August, Wednesday (Magnum)

Announcement: Market will be closed starting 2nd session of today and will resume trading next Monday (12th August 2013). Please be informed that there will be no daily market outlook for the coming 4 trading days as I will be away, 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 14th of August 2013. Wish you Selamat Hari Raya & Happy Holiday!

Magnum

Last Done: RM3.48

Overall uptrend remains intact with the immediate tough resistance is seen at RM3.50 – RM3.70. This will be a tough level to challenge and investors who are having the stock should consider taking your first level of profit around current level.

The immediate support is seen at RM3.20, followed by RM3.00 and the immediate resistance is seen at RM3.50, followed by RM4.00.

FKLI

Range Trading of 1755 to 1795 Levels…

The FKLI is expected to resume its range trading of 1755 to 1795 level. Any level above 1795 should give us an opportunity to initiate short position with stop loss level being set around 1805 level. Not much to be expected in tandem with the long raya holiday.

The immediate support is seen at 1780, followed by 1760 and the immediate resistance is seen at 1790 level, followed by 1800 level.

FCPO

Building Base around 2215 Level…

So long as this level can be convincingly taken over, more upward trading is expected. Long position will be preferred with stop loss level being placed around 2190 level. The FCPO is expected to hover around current level ahead of the long weekend.

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.

6th August, Tuesday (Digi)

Digi

Last Done: RM4.66

Investors can have a closer monitoring of the stock as the stock is approaching the end of the range trading. This might be the stock to look at it, especially when the stock trading above the Bollinger middle band coupled with the widening of the upper and lower band.

The immediate support is seen at RM4.50, followed by RM4.30 and the immediate resistance is seen at RM5.00, followed by RM5.50.

FKLI

Range Trading of 1755 to 1795 Levels…

Nothing has changed since yesterday as the FKLI is expected to trade within the range of 1755 to 1795 level. Any level above 1795 should give us an opportunity to initiate short position with stop loss level being set around 1805 level. Not much to be expected in tandem with the long raya holiday.

The immediate support is seen at 1780, followed by 1760 and the immediate resistance is seen at 1790 level, followed by 1800 level.

FCPO

Building Base around 2215 Level…

So long as this level can be convincingly taken over, more upward trading is expected. Long position will be preferred with stop loss level being placed around 2190 level. The FCPO is expected to hover around current level ahead of the long weekend.

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.