CPO rising up for Awal Ramadan

FCPO flashing positive signals ahead of Ramadan

FCPO Aug 2013 staged a breakout in the weekly chart today gaining RM9 to RM2380. Intraday volume however fell to 10157 compared to last Friday's 17858 contracts. In the Daily Chart, 3rd month Aug contract price is tagging the SMA 60 -days while daily prices are pushing the Bollinger Upper Band into expansion mode.

Both daily technicals mentioned are positives and could possibly be preludes for better sentiments in anticipation of higher demands ahead of the fasting month of Ramadan which falls on the 10th July.

Trading Strategy

BUY ON WEAKNESS 

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

ZLBT Random Stock Pick >>> REDTONE 0032

WELL SUPPORTED BY SMA 10

Fundamentally, REDTONE not very rosy

but technically very sound.

 

GOODLUCK

FKLI closes 15.5 points higher @1633.5 >>> 27 Sept 2012

FKLI Moves Into Premium

Don't Be A Stubborn Trader

As human, we have different personality traits and each can be good or bad to us. As a trader, it is important to have the capability to overcome your ‘bad’ personality traits and don’t let them influence your decisions. One such personality trait is stubbornness.

 

HAPPY TRENDING

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

KLCI And FKLI Market Outlook 24/02/09

KLCI & FKLI TODAY 240209

The Asian market closed in mix note after Dow futures rebounded on nationalization of CitiGroup Inc. lead to reducing the risk of bank failures. KLCI eased 1.88 pts or -0.21% to settle at 887.83, STI gained 37pts or +2.33%, HSI added 475 pts or +3.75% while Nikkei 225 shed 40 pts or -0.54% on financial services company SFCG filed for bankruptcy protection. Meanwhile, the FKLI gained 6 pts or +0.68% to settle at 884. The basis narrowed to 3 pts discount from 11 pts against cash. Given the weak momentum reading on RSI-14 days at 48 and unable to sustain above SMA 20 at 885, we expect the market to have further downside potential.

In addition with overnight loss in Dow Jones, sentiment would be further weakened today and lead to more sell off on shares, recent performance in US and regional market is giving more pressure on KLCI. While economists in different financial institutions in Malaysia are giving various 2009 GDP growth forecast for Malaysia to be 1-3.5%, market is fundamentally weak and hence doesn’t give much chance for upside. Investors may Short at 890 level, more downside is expected if breach the support level at 870.