ZLBT Chats

Tuesday, January 29, 2013

FCPO >>> Trading Only When BREAKOUT, North or South

Can It Gets Any Simpler Than This???

FCPO Daily technical analysis: The FCPO active month contract ended lower on Friday due to bad export figures released by ITS and SGS which had weighed on the market sentiment. Moreover, investors also booked some of their profits ahead of long weekend. At the close, the FCPO price dropped 36 pts to 2,445.

Based on the daily chart, a negative candle had been formed on Friday where it indicated price had been pressured throughout the day. As we can see in the chart, the FCPO price had retreated after it had failed to break above the resistance line as drawn in the chart. To rise further, it needs to break and stay above the resistance line. Otherwise, it may fall back.

Referring to the MACD histogram, it is building in the positive zone. As always, intraday support and resistance levels will be eyed.

Technical Indicators:
MACD= Positive, ADX= Positive,

Intraday Technical Support & Resistance for 29th Jan 2013:
1st support 2,430; 2nd support 2,404-2377
1st resistance 2,488; 2nd resistance 2,525-50


Friday, January 25, 2013

INCKEN (2607) >>> Another Contra Win for ZL :)

BUY 0.97 sen SELL 0.995 x 70 lots
Not bad for an under 2 hours job, right
Told ya INCKEN contra rebound 1st choice


Saturday, January 19, 2013

WALL STREET : Bulls Win a Third Straight Week

Dow, S&P 500 end at five-year highs on early earnings beats

"In a relatively uneventful day, the markets caught their breath after yesterday's strong rally," summarized a Senior Equity Analyst. The Dow Jones Industrial Average (DJIA) broke higher in the afternoon after a sluggish start, closing the session at its highest point since December 2007.

"Meanwhile, the CBOE Market Volatility Index (VIX) dropped to its lowest level since June 2007," noted another analyst, "as investors continued to bid the market higher as the week drew to an end." 

On Wall Street, the Dow Jones Industrial Average 
gained 53.68 points, or 0.39%, to end at 13,649.70; it rose 1.2% for the week.

Leading gains on the Dow, General Electric shares
 climbed 3.5% after its earnings beat estimates.


The Dow close higher on Friday as it extends the rally off November's high. The high-range close sets the stage for a steady to higher opening on Tuesday. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If the Dow extends the rally off November's low, October's high crossing at 13,661 is the next upside target. Closes below the 20-day moving average crossing at 13,349 are needed to confirm that a short-term top has been posted.

First resistance is today's high crossing at 13,649.
Second resistance is October's high crossing at 13,661.
First support is the 10-day moving average crossing at 13,486.
Second support is the 20-day moving average crossing at 13,349.


Saturday, January 12, 2013

Hong Leong Capital (HLCAP 5274) may be taken private >>> 12 Jan 2013

Hong Leong Financial Group Bhd, a Malaysian lender controlled by the country's six richest man Quek Leng Chan is expected to try and take its 79 per cent owned investment banking arm Hong Leong Capital Bhd private to streamline its assets according to a source familiar with the matter. 

The deal comes at a time where banks around the world are required to meet higher capital requirements in the revised Basel III rules which were drawn up to avoid a repeat of the financial crisis that followed the collapse of Lehman Brothers Holdings Inc in 2008. It also comes a month after Quek made an offer to take his Hong-Kong listed property-to-equity investment firm Guoco Group Ltd private for US$1 1 billion RM3 32 billion.

"Yes," the source told Reuters on Saturday in confirming the expected move to privatise but declined to be named as the matter was private or provide a value for the deal. It would cost at least 69 6 million ringgit or Hong Leong Financial to buy the 21 per cent stake it does not own in Hong Leong Capital based on the latter s last closing price of 1.42 ringgit per share on Friday. Shares in both companies were suspended from trading on Friday afternoon pending an announcement according to stock exchange filings. 

Shares in Hong Leong Financial closed 0.41 percent lower at 14.42 ringgit per share before suspended while Hong Leong Capital ended 5.97 percent higher at 1.42 ringgit.

Hong Leong officials on Friday told Reuters an announcement will be made on Monday.


Thursday, January 10, 2013

FKLI Daily Market Commentary 10 Jan 2013

FKLI Daily Technical Analysis
The FKLI spot month contract rebounded further and it closed in the positive territory on Wednesday, followed the gains in cash market. At the close, the FKLI price gained 8 pts or 0.47% to 1,697.

Based on the daily chart, a positive candle with upper wick had formed on Wednesday where it indicated that mild profit taking emerged at the intraday high level. 

As we can see in the chart, the second candle formed on Wednesday had successfully broke above the resistance line and now it turned as support line. We should monitor closely the change of the trend in the coming days

Referring to the MACD histogram, rounding top is forming up. As always, intraday support and resistance levels will be eyed.

Technical indicators

MACD= Positive, ADX= Positive

Intraday technical support & resistance for 10th Jan 2013

1st support 1,689; 2nd support 1,680
1st resistance 1,705, 2nd resistance 1,712


Wednesday, January 9, 2013

ZLBT's Random Stock Pick >>> HAI-O (7668) 09 Jan 2013

We believe HAIO's chart pattern resembles an "Ascending Triangle", and the breakout should mark a resumption of the uptrend towards RM2.52. At yesterday's closing price of RM2.39, HAIO is nearing the RM2.42 resistance. We expect a small degree of profit taking at that level, and should momentum carry the share price beyond that level, our "Ascending Triangle" price objective of RM2.52 should then be attainable.

Technical Ratings
Resistance 2 : RM2.52
Resistance 1 : RM2.42

Current Price : RM2.39
Support 1 : RM2.25
Support 2 : RM2.00

Action : Buy On Weakness


Tuesday, January 8, 2013

Lower liners on the move ...... The FBM Small Cap Daily Chart 08 Jan 2013

In stark contrast to the FBM KLCI related bluechips, we are seeing a notable shift to second-third liners as investors adopt a 'risk on' approach to investing in the local bourse. As a guage, the FBM Small Cap (which comprises of the top 98% of the Bursa Malaysia Main Board) has advanced over 500 points from its 11,1361.30 low in December.
Yesterday, the FBM Small Cap rose 1.5% or 183.68 points to settle at 11,920.19. In fact, the broad market index broke above the crucial down-trend resistance, and we believe that a major bullish reversal may be at hand. Trading volumes have also picked up in recent days, while the MACD is indicative of a gradual shift in momentum from bearish to bullish. To that respect, we believe improved broad market sentiment should be a boon for small cap traders in the days and weeks to come.


FBM KLCI Technical Outlook 08 January 2013

Chart 1: Weekly Charting of FBMKLCI – The index could have staged an upside volatility breakout. Besides, with a convincing surge beyond the previous high of 1,679.4, we reckon that the index is poised to make an uptrend resumption. Should this expectation materialise, we believe there is still room for further upside given that the RSI has yet to turn overbought and the MACD is just about to tur
n positive.

Chart 2: Daily Charting of FBMKLCI – While the index is trending up above the 8-day SMA, it could stage a correction towards the 8-day SMA of 1,681 in the near-term. This is because the RSI has shown a bearish divergence and the index traced out a reversal pattern judging from its last Friday closing. Should this support is well defended; the index will likely continue its underlying uptrend. Otherwise, it could dip further to the 21-day SMA of 1,658.

Tuesday, January 1, 2013

Bursa ends 2012 at all time high

BSKL ends 2012 with a bang

The FBM KLCI finished 2012 with a 10.34% gain to close at an all-time high of 1,688.95 as election concerns, defensive trading and high cash holding continued to dominate the equity scene in Malaysia. For the day, the local bourse was up 7.62 points on volume of RM1.31bil shares.
The KLCI's gains were mostly done in the last 15 minutes of trading on selected key blue chip stocks.
The barometer index FBM KLCI rose 10.34% compared to 1,530.73 recorded on Dec 30, 2011.
The Industrial Index improved 30.23 points to 2,795.79, the Plantation Index gained jumped 213.35 points to 8,314.11 and the Finance Index advanced 36.06 points to 15,357.24.
The FBM Emas Index was 47.69 points higher at 11,438.14, FBMT100 surged 51.80 points to 11,302.39, FBM Mid 70 Index gained 60.36 points to 12,334.14 and the FBM Ace Index rose 7.89 to 4,214.15.
Total volume eased to 834.802 million shares worth RM1.314bil from 853.829 million shares valued at RM1.276bil last Friday.

Wall Street ends 2012 riding high on "cliff" deal optimism

Monday rally closes out year of index gains from 7% to 16%

The markets closed out the year in rally mode amid hopes lawmakers will be able to finalize a deal to avert the fiscal cliff. Despite a tumultuous year-end run, the major market averages all tacked on solid gains for 2012. 
The Dow Jones industrial average (DJIA) gained 166.03 points, or 1.28 percent, to end at 13,104.14. The Standard & Poor's 500 Index gained 23.76 points, or 1.69 percent, to finish at 1,426.19. The Nasdaq Composite Index gained 59.20 points, or 2.00 percent, to close at 3,019.51. For every stock falling six gained on the New York Stock Exchange, where almost 732 million shares traded. Composite volume neared 3.2 billion.
The Dow rose 7.3 percent in 2012 and the Nasdaq climbed 15.9 percent. The S&P 500 closed out 2012 with a 13.4 percent gain for the year, compared with a flat performance in 2011. 
Market Gurus' Quotes
"My personal skepticism, I don't trust anything out of Washington until it is signed, sealed and delivered, and it is not signed, sealed and delivered."
“It is a little like trying to catch the flu so you can drop 20 pounds, There are better ways to go about it.”
"The worst news could have been the president coming out and saying, 'We don't have a deal and we've giving up,' and he didn't say that."
"It seems only fitting that politics, which have shaped the investment climate to such a large extent this year, dominates on this last day of 2012." 
“Don’t be overzealous in the new year. It’s better to start off conservatively and see if you can handle it before taking on more trades. It ain't over yet."