ZLBT's Random Stock Pick 27 Apr 2013 >>> TOMYPAK (7285)

TOMYPAK has been trading above its upward sloping 50-Day Moving Average which is a good sign. In addition, the price just broke the resistance of 1.30 & 1.38 reinforcing the bullishness in the recent price movement. This breakout was accompanied by a higher than average traded volume which shows the enthusiasm of the traders to push the price higher and past this resistance hence giving a higher probability of a successful 1.80 target.

 TOMYPAK 's FA looks pretty enough?
Note EPS & PE

RECOMMENDATIONS

BUY ON DIPS

Cutloss 1.30

Target 1.80 

GOODLUCK 

FBM KLCI >>> Left with no options other than a breakout

A picture paints a thousand words

The Chart speaks for itself

A breakout (north or south) could dictate the immediate direction for next week 

GOOD LUCK

Technical Analysis : FBM KLCI persist in consolidation mode

FBM KLCI Technical Analysis : The Fibonacci Retracement Support & Resistance

The stubbornly overbought technical momentum and also weakening trend indicators for the benchmark FBM KLCI are suggesting the current uptrend is waning. Hence, we expect further profit-taking consolidation this week until overbought momentum has been neutralized.

Moreover, weak buying momentum last week, as most investors were sidelined ahead of the nomination of candidates for the 13th general elections, suggests that the current subdued trading sentiment could persist up to election day.

As for the index, immediate support will be at the previous 1,699 record high of Jan 2013, matching the rising 10-day moving average and last Tuesday’s low of 1,688. Stronger retracement supports remain at 1,658, representing the 23.6% Fibonacci Retracement (FR) of the 1,526 low of May 2012 to the 1,699 record high of Jan 2013, and 1,633, the 38.2%FR matching the recent pivot low as strong downside buffer. 

Immediate resistance would be at the intra-day record high of 1,716, while a breakout would target the upper Bollinger band at 1,722, and then 1,740, 123.6% Fibonacci Projection (FP) level.

FCPO : Technical Analysis 17 Apr 2013

FCPO Daily Technical Analysis
 The FCPO active month contract ended off low on Tuesday due to electronic soybean oil prices traded sharply higher during the Asian trading session had supported the FCPO price. At the close, the FCPO price was flat at 2,301.

 Based on the daily chart, a small positive candle has been formed on Tuesday where it indicated that buying interest emerged at the intraday low level. During the trading session, the FCPO price had tested the intraday first support level but it did not break below that level. If the price is able to stay above this level in the coming days, there is a high possibility it may rise further.

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

Technical indicators:

 MACD= Negative, ADX= Negative

Intraday technical support & resistance for 17/04/2013

 1st support 2,285; 2nd support 2,228-15

 1st resistance 2,340; 2nd resistance 2,380

Recommendations

Sell Into any Rebound High 

Bullish Reports Failed To Lift CPO Prices

FCPO Daily technical analysis:
 The FCPO active month contract ended lower on Wednesday due to stronger ringgit triggered selling in FCPO market. Market had ignored a bullish report released by MPOB, ITS and SGS. At the close, the FCPO price was down 25 pts or -1.04% to 2,370.

 Based on the daily chart, another long negative candle has been formed on Wednesday where it indicated that selling pressure weighed on the FCPO price. 

During the second trading session, the FCPO price rose to 2,416 after MPOB released a bullish report. However, the price was unable to break above the previous high level which had triggered technical selling again. Throughout the day, the price fell to as low as 2,370 where the gap left on Monday had covered.

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

Technical indicators:

 MACD= Negative, ADX= Negative,

Intraday technical support & resistance for 11/04/13

 1st support 2,340; 2nd support 2,300

 1st resistance 2,390; 2nd resistance 2,430

Recommendations

SELL INTO STRENGTH 

CPO Analysis For The Week Ahead 08 Apr 2013

CPO Technical Outlook

The benchmark June contract was consolidating this week and some trad­ers were cautious ahead of key fundamental reports and preferred to stay on the side-lines.

Last week’s palm oil price movement showed that the market was directionless while waiting for the fun­damental reports next week to gauge on the next price movement.

The benchmark level of RM2,360 will continue to be monitored to determine if the palm oil prices could be supported at this level.

Any price break below RM2,340 would attract more technical selling and long liquidation in the market.

Resistance would be pegged at RM2,430 while support will be set at RM2,340.

In addition, the increase worries on the bird flu outbreak in China also con­tributed the fall in soybean prices which could reduce the demand in feeds. 

Recommendations 

Sell Into Strength 

FKLI Spot >>> Technical Analysis and Commentary

Technical Analysis
The FKLI spot month contract ended off high and it closed in the negative territory while benchmark index closed slightly higher on Thursday. At the close, the FKLI price was down p 5.5 pts or -0.33% at 1,682.

Based on the daily chart, a small positive candle with long upper wick has been formed on Thursday where it indicated that the price has been pressured at the intraday highest level. 

During the trading session, the FKLI price jumped to as high as 1,698.5 but it failed to sustain at the intraday highest level. As we can see in the chart, the FKLI price closed below the uptrend channel resistance line and if it is unable to break above that resistance line, there is a high possibility it may fall back.

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

Technical indicators:

MACD= Positive, ADX= Positive，

Intraday technical support & resistance for 5thApr 2013:

1st support 1,675; 2nd support 1,650

1st resistance 1,690, 2nd resistance 1,700

What is a Fractal Pattern?

What Are Fractals? 

These basic fractals are composed of 5 or more CANDLESTICKS (or BARS if you prefer). The rules for identifying fractals are as follows:

1) A bearish turning point occurs when there is a pattern with the highest high in the middle and two lower highs on each side. 

2) A bullish turning point occurs when there is a pattern with the lowest low in the middle and two higher lows on each side.

The fractals shown above are two examples of perfect patterns. Note that many other less perfect patterns can occur, but the basic pattern should remain intact for the fractal to be valid.

NOTE : What needed be on Friday is a similar looking candlestick like the one closing on Thursday but a little lower in prices. Please be reminded that there is no guarantee the GE13 factor will not be able to break-up the Fractal pattern. But if you remove the GE13 from the equation, chances of a trend reversal is very enhanced.

Can it happen? How the hell would ZL knows? I'm only a techie not GOD !!!

GOOD LUCK 

FBMKLCI >>> GE fever created a 60+ points range volatility

Stay alert for more potential point range swings

as GE13 approaches

 Note : The FKLI chart created an even more perfect Hanging Man candlestick which is 

an early warning of a pullback from its peak it's peak @ 1705.

Definition of a Hanging Man candlestick

This formation does not mean that the bulls have definitively lost control, but it may be an early sign that the momentum is decreasing and the direction of the asset may be getting ready to change. The reliability of this signal is drastically improved when the price of the asset decreases the day after the signal. Hanging man formations can be more easily identified in intraday charts than daily charts and are a very popular formation used by day traders.

Watchout For a Follow-up Negative Candlestick 

FKLI Spot >>> Technicals & Commentary 02 Apr 2013

FKLI Daily Technical Analysis
The FKLI spot month contract ended off low and it managed to close in positive territory on Monday. Meanwhile, cash market closed down 4 pts to end at 1,667.6 points. At the close, the FKLI price was up 3 pts or 0.18% at 1,664.5.

Based on the daily chart, a small negative candle with long lower wick has been formed on Monday where it indicated that price was supported at the intraday lowest level. During the trading session, the FKLI price fell to as low as 1,652 where it hit the 38.2% of Fibonacci level but later it managed to bounce up and closed near the intraday highest level. As we can see in the chart, the FKLI price currently consolidating in a narrow range and we should monitor closely what type of formation it will form in the near term.

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

Technical Indicators

MACD= Positive, ADX= Positive，

Intraday Technical Support & Resistance for 2/42013

1st support 1,652; 2nd support 1,643

1st resistance 1,678-82, 2nd resistance 1,690

ZLBT's Random Stock Picks >>> 20 x Upper Bollinger Breakout Stocks

*Note: To qualify in the breakout list below, the first sorting criteria is stock price must close ABOVE the upper Bollinger Band, followed by a second criteria that trading volume for the day must be significantly higher than the 20-day average volume, which signal a bullish breakout. 

Caveat: We would caution momentum traders that a highly overbought 14-day RSI reading (> 80) and share price pullback BELOW the upper Bollinger Band are early warning signals to exit buy breakout trades.

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.

 

GOOD LUCK