ZLBT Chats

Friday, August 31, 2012

Technical Analysis : FBMKLCI 30-08-2012 / 富时大马综合指数 2012-08-30

FBMKLCI 30 August 2012
On Thursday, the FBMKLCI was mostly traded in a narrow range, with the exception of a rally after 4pm, which pushed the FBMKLCI up to 1650.85 points. However, at the close, the FBMKLCI only managed to secure a gain of 0.53 of a point, closing at 1646.11 points. Resistance for the FBMKLCI remains at 1655 while the support is the 14, 21, 31 EMA, as indicated by A.
 
As indicated by B, total market volume increased 8.9%, with volume above the 40-day Volume Moving Average. But due to the strong profit taking activities, losers outnumbered gainers by 453 to 280, the higher volume may actually imply stronger selling pressure.
 
As indicated by C, the MACD histogram is still falling, suggesting that the short-term movement of the FBMKLCI is still losing strength. The weakening short-term movement is expected to continue until the MACD histogram should form a Rounding Bottom.
 
In conclusion, the FBMKLCI is still consolidating, while testing its dynamic support of the 14, 21, 31 EMA. Technically, the uptrend is still intact, but if profit is still strong, it would have a negative impact to the sustainability of the uptrend.
 
富时大马综合指数 2012-08-30
富时大马综合指数周四都在窄幅中波动,惟在下午四时后一度上扬至1650.85点的全日最高。不过,综指最后还是只能以1646.11点挂收,按日微扬0.53点。综指阻力依然是1655点的水平。支持水平则是如图中箭头A所示的142131EMA动态支持线。
 
如图中箭头B所示,马股总成交量周四增加8.94%,而成交量也继续维持在40天的成交量平均线(VMA)的水平以上。不过,由于马股套利活动非常的活跃,全日下跌股项远远超过上升股项(453/280涨),因此成交量的增加也反映出投资者踊跃套利的活动。
 
如图中C圈所示,平均乖离振荡指标(MACD Histogram)继续的下滑,这表示综指短期的走势还是稍微偏弱的,直到平均乖离振荡指标形成圆底(Rounding Bottom)为止。
 
总的来说,综指继续在盘整格局中,同时试探142131EMA的动态支持线。以技术而言,综指涨势虽然还未受到破坏,但是市场的套利活动还是相当的活跃。若套利活动继续偏高的话,那将会对马股维持在涨势带来威胁。
 
祝你好运

ZLBT Random Stock Pick >>> MAA Group Berhad (1198)

TIME FOR REBOUND
MAA Selldown Fades
It's been almost a year when words were out on the streets that Malaysian Assurance Allianz MAA) was to be taken over and renamed Zurich Insurance (M) Bhd. Local investors immediately began to sell-off MAA equities for whatever reasons. MAA dropped from 56 sen to 38 sen >>> a 30% ++ discrepancy is certainly illogical as it's fundamentals remain strong.
However, over the recent week, a price rebound seems to indicate the bears are running low on ammunitions. Below herewith MAA (1198) Weekly Technical Chart c/w Fundamental Infos ......

Check out MAA fundamentals from other sources and find me a 45 sen stock with such profits, PE below 2, EPS 42.95 c/w NTA 1.37 and ZL will buy that stock before you can yawn.
No doubts MAA's TA is not as pretty as it's FA becoz you'll have a hard time finding any penny stocks valued 50 sen & below with it's TA & FA better than MAA's.
ZLBT recommend a BUY ON DIP for this gem.
 
HAPPY TRADING & GOODLUCK

Thursday, August 30, 2012

FKLI and FCPO Daily Charts c/w MACD 6,12,6

FKLI Primed To Self Destruct?

2970 GOOD ENOUGH TO HOLD OFF THE BEARS?
ZL is optimistic a rebound is on the cards
 
HAPPY TRADING

Tuesday, August 28, 2012

FCPO Benchmark Intraday Support / Resistance Chart

CPO Trading Range To Magnify
 

GOODLUCK & HAPPY TRADING

Monday, August 27, 2012

CPO Weekly Price Forcaste Daily Chart 27 >>> 31 Aug 2012

CPO Prices Envisage to Trade Range Bound For Week
GOODLUCK & HAPPY TRENDING

FCPO : Daily Chart & Market Commentaries 27 Aug 2012




FCPO Daily Technical Analysis 27 Aug 2012

The FCPO active month contract ended slightly higher on Friday as it was buoyed by electronic soybean oil prices traded strongly up during the Asian trading time coupled with expectations on positive export figures which are to be released on Saturday (25-08-2012) and Monday (27-08-2012). At the close, the FCPO price was up 8 pts or 0.26% to 3,069.
From the daily chart, price rose to as high as 3,097 during the trading session and it nearly hit the ceiling of psychological level of 3,100. This is the second time the price challenged the psychological level of 3,100 which the price later had been pressured to as low as 3,066. Since it failed to break above the psychological, it ended up making a negative candle. Nevertheless, if the price is able to break and closes above the mentioned level, it will be necessary for further gains. On the other hand, there are two downside gaps left uncovered at the moment. However, trend is still positive and this was also confirmed by the MACD indicator. Since it had successfully formed up a double bottom pattern, the next step is to keep an eye whether it is able to form up a ‘W’ shape in the long term trend.
Referring to the MACD Histogram, a rounding top seems to be forming up soon. Meanwhile, the MACD line is crossing above the signal line where the bullish sentiment is building up in the medium term. As always, intraday support and resistance levels will be eyed.
Technical indicators:
MACD= Positive
ADX= Positive

Intraday technical support & resistance for 27th Aug 2012:

1st support 3050
2nd support 2960-30
1st resistance 3100-35
2nd resistance 3195

HAPPY TRADING & GOODLUCK2ALL

FKLI >>> Bears To Check Bullish Upside, Sideway Trading Envisaged.



FKLI Daily Technical Analysis:

The FKLI spot month contract closed lower on Friday as regional markets traded lower coupled with market took their cues from the overnight bad performance on DJIA weighed on the market sentiment. At the close, the FKLI price was down 6 pts or -0.36% to 1,648.5.

From the daily chart, price retreated to as low as 1,645.5 in the late trading session and it had formed a negative candle on Friday. As we can see in the chart, price briefly broke below the uptrend support line but it was able to bounce back and closed slightly above the uptrend support line. Our review remains unchanged, where the price is able to stay above the uptrend line, it may bounce back. Otherwise it may fall further if it violates and closes below the uptrend support line.


Referring to the MACD lines and MACD Histogram, both indicators are not providing a clear signal at the moment. As always, intraday support and resistance levels will be eyed.


Technical indicators:

MACD= Neutral
ADX= Positive

Intraday technical support & resistance for 27th Aug 2012:

1st support 1644-40
2nd support 1633
1st resistance 1657.5
2nd resistance 1662
 
HAPPY TRENDING

Thursday, August 23, 2012

Robust Demands Boost CPO >>> Mild Resistance Seen @ 3100

FCPO Daily technical analysis:
 
The FCPO active month contract ended sharply higher and it was able to maintain its upward posture throughout the day as the market sentiment was boosted by positive palm oil export figure released by ITS.

Moreover, tight supply outlook for vegetable oil markets had pushed up the FCPO price rose to nearly 9.2% from the lowest level in just three days. At the close, the FCPO price was up 116 pts or 3.92% to 3,078.

From the daily chart, price gapped higher once it opened as it was buoyed by overnight CBOT soybean oil price soared more than 3%. As we can see in the chart, a long positive candle formed on Wednesday where it indicated that buyers were aggressive throughout the day. Trend remains positive and this was also confirmed by the MACD indicator. However, there are two downside gaps left uncovered at the moment. Since it had successfully formed up a double bottom pattern, the next step is to keep an eye whether it is able to form up a ‘W’ shape in the long term trend.

Referring to the MACD Histogram, it successfully builds up in the positive zone. Meanwhile, the MACD line is crossing above the signal line where the bullish sentiment is building up in the medium term. As always, intraday support and resistance levels will be eyed.

Technical indicators:
MACD= Positive
ADX= Positive
Intraday technical support & resistance for 23rd Aug 2012:
1st support 3000
2nd support 2960-30
1st resistance 3130
2nd resistance 3170-3195

FKLI Bears Threaten The Alternative Supports

 
FKLI Daily technical analysis:
The FKLI spot month contract closed slightly higher which was in tandem with the gain in FBMKLCI despite regional markets weakened did not affect much on local market sentiment. At the close, the FKLI price was up 3.5 pts or 0.21% to 1,649.
 
From the daily chart, a long positive candle formed with long upper wick where it indicated that price had been pressured when it hit the intraday highest level. As we can see in the chart, price had created a new high which is 1,655, but it was unable to stay above that level. During the trading session, price opened lower but later it managed to bounce up from the intraday lowest level and closed above the uptrend support line. As usual, the uptrend support line will still be monitored and if the price is able to rebound from that level, it may challenge the resistance line again. However, if the price breaks and closes below the uptrend support line, it may fall further.
Referring to the MACD Histogram, it is building up in the negative zone while the MACD indicator do not provide a clear signal as the lines are moving flat. However, we still need to monitor closely the change in MACD line in the coming days. As always, intraday support and resistance levels will be eyed.
Technical indicators:

MACD= Neutral
ADX= Positive
 
Intraday technical support & resistance for 23rd Aug 2012:

1st support 1644-40
2nd support 1633
1st resistance 1656
2nd resistance 1662
 

Wednesday, August 22, 2012

CPO CHART >>> The "W" Formation can go a LONG way

FCPO Daily Technical Analysis:
The FCPO active month contract tacked in 0.68% continuing its reversal after a double bottom had been formed. The market getting some boost on optimism about export demand in the second half of August and estate worker go on Raya Holidays which may drawn down in palm oil inventory. At the close, the FCPO price was up 20 pts to 2,962.

From the daily chart, another positive candle formed on Friday where it indicated that persistence buying interest remains supported the FCPO price. Trend remains positive and this was also confirmed by the MACD indicator. However, the downside gap left uncovered at the moment. Since it successfully formed up a double bottom pattern, the next step is to keep an eye whether it is able to form up a ‘W’ shape in the long term trend.


Referring to the MACD Histogram, it successfully builds up in the positive zone. Meanwhile, the MACD line is crossing above the signal line where the bullish sentiment is building up in the medium term. As always, intraday support and resistance levels will be eyed.

Technical indicators:
MACD= Positive
ADX= Positive

Intraday technical support & resistance for 22nd Aug 2012:

1
st support 2950
2nd support 2900-2863
1st resistance 3035-65
2nd resistance 3100
 
HAPPY TRENDING

Saturday, August 18, 2012

6 Weeks of Green: DJIA Quietly Creep Higher 18 August 2012

Bluechips, SPX 500 gain for 6th straight week

Nasdaq turns in 5th week of gains
If the markets rally for a sixth consecutive week, but no one is there to witness it, does it still count?That question will be left up to investors next week after Wall Street wrapped up its longest win streak since January 2011 following a very quiet Friday that saw the major indexes barely budge.
The Dow Jones Industrial Average rose 25.09 points, or 0.19%, to 13275.20, the S&P 500 gained 2.65 points, or 0.19%, to 1418.16 and the Nasdaq Composite added 14.20 points, or 0.46%, to 3076.59.

Despite the lack of market participation, the S&P 500 landed at fresh four-month highs and is less than one point away from notching a new four-year closing high. There were few economic reports to back the move higher, though new data did reveal consumer sentiment in August unexpectedly climbed to the highest level since May.
Underscoring the relative quiet that has descended upon Wall Street, the VIX volatility index retreated another 5.7% on Friday to tumble as low as 13.30 -- its lowest level since June 2007.

WALL STREET ANALYSTS QUOTES
 “What matters is that we’re close to four-and-a half year highs. There is a higher drift. It’s good for people who have equity positions because those who are underweight are going to be forced to catch up.”
“Economic indicators are not really having an effect. As long as the news is not terrible, markets can hold their own.”
"I'm not laying out any new shorting strategies on fear the Fed could come in with another round of dollar printing."
"There's been a lot of talk about a turn in real estate and that it has bottomed.
I don't know if I see the turn just yet."
HAPPY TRADING & GOODLUCK2ALL

 



 

Thursday, August 16, 2012

FKLI Price Data 19 Jul >>> 15 Aug 2012

Price Data Op/Hi/Lo/Cl >>> 30 days
HAPPY TRADING & GOODLUCK2ALL

Wednesday, August 15, 2012

FCPO Daily Chart >>> 14 Aug 2012

CPO To Hammer Out a Support
Before Head On Clash With Bears
HAPPY TRENDING
GOODLUCK2ALL

Tuesday, August 14, 2012

Soybean Oil Futures (Sept) >>> Technical Data and Recommendations 14 Aug 2012

Soybean Oil (Sept) Technical Data Table
HAPPY TRENDING
GOOD LUCK 2ALL

Saturday, August 11, 2012

Technical Analysis : FBMKLCI 10/08/2012 / 富时大马综合指数 2012-08-10

FBM KLCI 10 Aug 2012
As indicated by A, the FBM KLCI gained 2.84 points, closing at 1645.36 points, and it seems like the KLCI is heading to the 1647.94 all time high resistance. The 14, 21, 31 EMA is still serving as the dynamic support to the KLCI.

As indicated by B, total market volume increased 38.96%, with volume returning to above the 40-day Volume Moving Average. However, this is not an ideal volume for a bullish breakout signal yet.

As indicated by C, the MACD histogram is still rising, and its suggests that the KLCI short-term is still picking up its strength. The improvement is expected to carry on until the MACD histogram forms a Rounding Top.

In conclusion, the technical outlook for the KLCI remains positive. If the KLCI should break above 1647.94, it would be making a historical new high. If at the breakout, market volume should continue to increase, the KLCI is likely to extend its uptrend.

富时大马综合指数 2012-08-10
如图中箭头A所示,富时大马综合指数周五上扬2.84点以1645.36点挂收,正要迈向1647.94点的历史高峰阻力。图中所示的142131EMA继续为综指上扬的动态支持线。

如图中箭头B所示,马股总成交量周五增加了38.96%,重返40天的成交量平均线(VMA)以上。但是,成交量止损刚刚达到这水平,并未明显的增加。无论如何,若综指突破阻力时能配合成交量再增加的话,届时才算是理想的讯号。

如图中C圈所示,平均乖离振荡指标(MACD Histogram)继续的上升,这表示综指短期的走势继续在改善中,直到平均乖离振荡指标形成圆顶为止。

总的来说,综指目前的技术展望继续维持在正面。接下来若综指能上扬突破1647.94点的话,那将会创下历史新高。若能配合成交量明显的增加,那综指有望延续上升的趋势,后市看高一线。

祝你好运

Tuesday, August 7, 2012

Technical Outlook >>> December Soybean Oil Futures (ZLZ12 CBOT)

TECHNICAL ANALYSIS
Soybean Oil ZLZ12 (Dec)
December soybean closed lower on Monday as it extended the decline off July's high. The mid-range close sets the stage for a steady opening when Tuesday's night session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling that additional weakness is possible near-term.

If December extends the decline off July's high, the reaction low crossing at 51.36 is the next downside target. Closes above the 20-day moving average crossing at 53.81 are needed to temper the near-term bearish outlook.

First support is today's low crossing at 51.84. Second support is the reaction low crossing at 51.36. 

First resistance is the 20-day moving average crossing at 53.81. Second resistance is July's high crossing at 56.00. First support is today's low crossing at 51.84. Second support is the reaction low crossing at 51.36.

HAPPY TRENDING

.

Wednesday, August 1, 2012

ZLBT Random Stock Pick >>> MAHSING (8583) 01 Aug 2012

On 31 July 2012, MAHSING broke from its 3-month historical high. The price of MAHSING has increased by more than 0.5% while it is observed that there is a sharp increase in volume of more than 300% as compared to the average volume traded over the past 50 days. At 2.23, the stock is trading near its 6-month historical high. It is also observed that the MACD line is above the signal line indicating some short-term price strength.
Technical Comments: A breakout on close above the 7/3/12 peak of RM2.30 would lift MahSing towards upside targets of RM2.49 (123.6%FP), RM2.61 (138.2%FP) and RM2.70 (150%FP) in the medium-term. Immediate support is at RM2.11 (76.4%FR).

GOODLUCK