30th May 2012, Wednesday (bursa)

Bursa

Last Done: RM6.12

Not the Time Yet!

A lot of investors eagerly waiting to accumulate new position for mid to long term trading, however, this is not the time yet as there is no turning signal shown at the moment. Investors will need to wait patiently and once the turning signal shown, we will strategize accordingly.

The immediate support is seen at RM6.00, followed by recent low RM5.75 and the immediate resistance is seen at RM6.50 (strong resistance), followed by RM7.00.

FKLI

Supporting above 1550 Level!

As mentioned, so long as 1550 level managed to be supported, the overall uptrend remains intact and the index will head towards 1580 level, albeit in a slower pace.

We may see the FKLI to hover around the 1550 to 1585 levels, provided the 1580 level can be taken out convincingly, nothing much that investors can do except to capture on the range trading (short when the FKLI approaches 1585 level and long when the FKLI approaches 1550 level).

The immediate support is seen at 1560 level, followed by 1550 level and the immediate resistance is seen at 1575 level, followed by 1580 level.

FCPO

Bulls Won the Fight?

Still too early to confirm at the moment, we should have the answer by the end of this week. Meanwhile, the FCPO should hover around the 3200 to 3050 levels. Thus, this range will still be a good reference level for investors. Any short position should keep stop loss tight.

The immediate support is seen at 3100 level, followed by 3050 level and immediate resistance is seen at 3230 level, followed by 3250 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 May 2012, Tuesday (MRCB)

MRCB

Last Done: RM1.64

Having an Eye on It!

The stock is showing some sign of rebounding, it is worthwhile to take a look at the stock. For risk taker investors, confirmation should set in within these 2 days and so long as the stock can stay above the SMA 20 (RM1.64), it is worthwhile to accumulate position for short term trading with the first profit taking level being set around RM1.85 and stop loss level being set around RM1.50.

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

FKLI

Supporting above 1550 Level!

The FKLI taken out the 1550 level yesterday, so long as this level managed to be supported, the overall uptrend remains intact and the index will head towards 1580 level.

However, there are still a lot of work to be done for FKLI – SMA 20 (1560); SMA 30& SMA 50 (1570), thus, short position will be preferred at the moment. Investors can take the above mentioned level as a reference level when initiate fresh position.

The immediate support is seen at 1540 level, followed by 1530 level and the immediate resistance is seen at 1560 level, followed by 1570 level.

FCPO

Range Trading Resume…

There is still a close fight between the bulls and bears and nothing can be done except to trade within the range (long when the FCPO approaches the 3040 level and short when the FCPO approaches 3155 level) or stay on bay until a clear direction can be detected.

We are still eyeing the FCPO to take over the SMA 200 level (3155) convincingly before a clear direction can be detected. No matter what, any position initiation at this moment should couple with tight stop loss point.

The immediate support is seen at 3100 level, followed by 3050 level and immediate resistance is seen at 3155 level, followed by 3230 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.