FCPO Daily Technical Analysis 28 Dec 2012

The FCPO active month contract ended sharply higher on Thursday, due to electronic soybean oil prices traded higher which had boosted the local market sentiment. At the close, the FCPO price had added 49 pts to 2,479.

Based on the daily chart, a long positive candle had formed on Thursday where it indicated that buyers were aggressive throughout the day.  During the trading sessions, the FCPO price went up to as high as 2,484 where the upside gap nearly covered. As we can see in the chart, the trend is positive as it building up higher high and to rise further, it need to break above the psychological level of 2,500.
Referring to the MACD histogram, a 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 28th Dec 2012

1st support 2,420; 2nd support 2,380-50

1st resistance 2,490; 2nd resistance 2,550-70

 

GOODLUCK

ZLBT's Random Stock Pick >>> Keladi Maju Bhd (6769)

KELADI (6769) has confirmed a bullish "Ascending Triangle" pattern with a 1.5 sen single-day advance to 21.5 sen.

 

Ascending triangles have a distinct bullish bias in that the chart pattern depicts the convergence of a horizontal resistance and an upward sloping support line as compared to the "Pennant" formation.

 

More importantly, the upside volatility breakout of the 20.5 sen resistance line on KELADI's daily chart marks a bullish continuation of an uptrend that extends as far back as a year. We reckon that the bullish move should carry the share price higher towards 24.5 sen in the coming weeks, and traders may consider buying in between 20.5 sen and the current 21.5 sen level.

 

Correspondingly, a stop-loss of 18.5 sen should also be placed.

 

Technical Ratings

Resistance 2 : RM0.23

Resistance 1 : RM0.22

Current Price : RM0.215

Support 1 : RM0.205

Support 2 : RM0.195

Action : Buy

 

GOODLUCK

ZLBT's Selective Overbought & Oversold Stocks >>> 24 Dec 2012

DISCLAIMER

The information contained herein was obtained from sources believed to be reliable. However, we do not guarantee the accuracy and completeness of the report. Opinions expressed herein are subject to change without notice. This report is for information purposes only and should not be construed as an invitation, offer or solicitation to purchase or sell any futures product referred to herein. The Author may from time to time has an interest or position in the futures products or stocks mentioned. There is a risk of loss in trading stocks,futures & derivatives like products.

Top 20 Overbought Stocks 24 Dec 2012

*Note: The list below is the 20 most overbought of the 1000 over Bursa Malaysia listed stocks with 14-day RSI above 80. It is generally a bearish or SELL list, especially if the readings approach 90.

 

Caveat: The list consists of fundamentally sound stocks, and hence are long-term BUY or HOLD stocks.

DISCLAIMER

The information contained herein was obtained from sources believed to be reliable. However, we do not guarantee the accuracy and completeness of the report. Opinions expressed herein are subject to change without notice. This report is for information purposes only and should not be construed as an invitation, offer or solicitation to purchase or sell any futures product referred to herein. The Author may from time to time has an interest or position in the futures products or stocks mentioned. There is a risk of loss in trading stocks,futures & derivatives like products.

 

GOODLUCK

FCPO 3rd Month >>> Commentary and Technical Analysis 19 Dec 2012

FCPO Daily Technical Analysis:
The FCPO active month contract ended lower on Tuesday as weak export data released by ITS and SGS remained weighed on the market sentiment. Moreover, uncertainty in the external markets also added some pressured. At the close, the FCPO price was down 8 pts to 2,342.

Based on the daily chart, an uncertain candle had been formed on Tuesday and during the trading session, the FCPO price went up to as high as 2355 but it failed to close above that level. Throughout the day, the price had lingered in a narrow range between 2,330 to 2,355. Our review remain unchanged, if the price fall further, the downside gap will be watched first and to rise further, it need to break and close above the level of 2,380.
Referring to the MACD indicator, MACD line crossed above the signal line where the bullish sentiment could be building up in the near term. As always, intraday support and resistance levels will be eyed.

Technical indicators:

MACD= Positive, ADX= Neutral,

 

Intraday Technical Support & Resistance for 19th Dec 2012:

1st support 2,300; 2nd support 2,285-2,250

1st resistance 2,350; 2nd resistance 2,380-2,400
 

GOODLUCK

FKLI >>> Analysis and Commentary 19122012

FKLI Daily Technical Analysis:
The FKLI spot month contract ended sharply higher on Tuesday, which had followed strong gains in cash market. Meanwhile, market also reacted positively on signs of progress in U.S. budget talks to avert the fiscal cliff. At the close, the FKLI price added 17.5 pts or 1.06% to 1,664.

Based on the daily chart, a long positive candle had been formed on Tuesday where it indicated that buyers were aggressive for the day. As we can see in the chart, the FKLI price successfully broke and closed above the previous high level at 1,657.5 which had triggered technical buying in FKLI market. Price regained its upward posture after it successfully stayed above the resistance turned support level (1,657.5). If the price is able to stay above the level of 1,657.5 in the coming days, the historical highest level will be watched.
Referring to the MACD indicator, the signal line is crossing above the central line. As always, intraday support and resistance levels will be eyed.

Technical indicators:

MACD = Positive, ADX= Positive，

Intraday technical support & resistance for 19th Dec 2012:

1st support 1,657.5; 2nd support 1,650

1st resistance 1,672 2nd resistance 1,679

 

 

GOODLUCK

FCPO Daily technical analysis 11/12/2012

CPO BEARS STILL IN CONTROL

The FCPO active month contract ended slightly higher on Monday due to stock growth slower-than-expected and SGS released the export figure which showed Malaysia palm oil export rose 0.4% in the first ten days which had boosted sentiment. At the close, the FCPO price was up 16 pts to 2,313.
Based on the daily chart, a small positive candle formed on Monday where it indicated that mild buying interest supported the FCPO price. During the trading session, price went down to as low as 2,288 but it did not break below the previous low level at 2,280. As we can see in the chart, the price still trading above the uptrend support line and to rise further, it need to break and close above the range resistance level at 2,320.

Referring to the MACD indicator, MACD line crossed below the signal line where the bearish sentiment could be building up. As always, intraday support and resistance levels will be eyed.

Technical indicators

MACD= Negative ADX= Negative

Intraday technical support & resistance for 11th Dec2012
1st support 2,280; 2nd support 2,250-20

1st resistance 2,320; 2nd resistance 2,350

 

HAPPY TRADING

Technical Analysis : FBM KLCI 07-12-2012

Downward Momentum Easing-Off After 5 Weeks Selling Pressure.

The daily slow stochastic indicator for the KLCI climbed higher into more positive territory following last week’s mild recovery, while the weekly indicator showed lessening downward momentum. The 14-day Relative Strength Index (RSI) rose to an improved reading at 42.96 as of last Friday, while the 14-week RSI turned higher for a more positive reading of 48.20.

Immediate resistance for the index will be at 1,621, the 38.2% Fibonacci Retracement (FR) of

the uptrend from 1,526 low of 18 May to the record high of 1,679 on 29 October. The 100-day and 50-day moving averages, currently at 1,639 and 1,641, would act as stronger resistance levels. Immediate support would be at the 28 November pivot low of 1,590, while 1,585 and 1,563, the respective 61.8%FR and 76.4%FR, would act as better retracement supports.

HAPPY TRADING

ZLBT Random Stock Pick : Top 20 Overbought Stocks 03 Dec 2012

*Note: The list below is the 20 most overbought of the 1000 over Bursa Malaysia listed stocks with 14-day RSI above 80. It is generally a bearish or SELL list, especially if the readings approach 90.

Caveat: The list consists of fundamentally sound stocks, and hence are long-term

BUY or HOLD stocks.

DISCLAIMER

The information contained herein was obtained from sources believed to be reliable. However, we do not guarantee the accuracy and completeness of the report. Opinions expressed herein are subject to change without notice. This report is for information purposes only and should not be construed as an invitation, offer or solicitation to purchase or sell any futures product referred to herein. The Author may from time to time has an interest or position in the futures products or stocks mentioned. There is a risk of loss in trading stocks,futures & derivatives like products.

 

GOODLUCK