20th March 2012, Monday (cIMB)

CIMB

Last Done: RM7.64

Overall uptrend remains intact with immediate reliable support level is seen at RM7.50 level (SMA 200). Those who have accumulated position previously can hold on to your position and ride on this uptrend with the next tough resistance is only being seen at RM8.00.

Immediate support is seen at RM7.55 level, followed by RM7.10 level and immediate resistance is seen at RM8 level, followed by RM8.50 level.

FKLI

Immediate Important Support Level – 1572!

So long as the above level is well defended, the overall uptrend remains intact as the index is staying above the SMA 20 and the uptrend line (in green). Investors should closely monitor on this level and take it as a reference level for any position initiation.

Immediate support is seen at 1570 level (SMA 20), followed by 1550 level and immediate resistance is seen at 1600 level, followed by 1630 level.

FCPO

Immediate Support – 3362 Level!

Immediate important support level is seen at 3362 level (Fibonacci level of 50%) and this should be the reference level for investors to initiate fresh position. If this level is well defended, those who yet to initiate any position can take a risk and initiate position around this level with stop loss being placed around 3345 level.

Immediate support is seen at 3362 level, followed by 3300 level and immediate resistance is seen at 3400 level, followed by 3500 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 March 2012, Monday (airasia)

Airasia

Last Done: RM3.58

Investors who are holding this stock should take extra cautious at current level as the price is approaching the SMA 200 level (RM3.53). If this level is not able to be held, investors should without hesitation take profit and dispose your stocks.

Immediate support is seen at RM3.53 level, followed by RM3.40 level and immediate resistance is seen at RM3.90 level, followed by RM4.00 level.

FKLI

On its Way…

Nothing much has changed as the index remains its way towards 1600 level, albeit in a slower pace.

Investors can accumulate long position with stop loss level being set around the SMA 20 level (1567) and get ready to take first level of profit around 1595 level.

For the week, immediate support is seen at 1567 level (SMA 20), followed by 1550 level and immediate resistance is seen at 1600 level, followed by 1630 level.

FCPO

Tough Resistance only being seen at 3500 Level!

The FCPO without much challenge should trade towards 3500 level, investors should resume holding on to your remaining position with stop loss level being set around 3350 level. The next tough resistance is seen at 3500 (both Fibonacci level of 61.8% and psychological level).

For the week, immediate support is seen at 3350 level, followed by 3300 level and immediate resistance is seen at 3400 level, followed by 3500 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.