Technical Analysis & Charting Course in KL (Mandarin)

FKLI-NEXT Technical Analysis - 30 Jul 2009

As month end approaching traders begin to divert attention to FKLI-NEXT.

FKLI-NEXT traded lower closed 13.5 lower @ 1160 impacted from weak regional market especially China sell off.

Bollinger Band width continue expanding with candle above middle BB band suggesting market still have room for moving up. MACD remain bullish with RSI near to overbought zone.

Immediate support 1152.5, 1135.5, 1105.5 @ while resistance @ 1162, 1168, 1189.5

FKLI Technical Analysis - 10 Jul 2009

FKLI closed 2 points lower after 2 consecutive of "Long" days. FKLI is in negative divergence behaviour with conract prices increase in the past 2 days but with lower and lower volume.

Bollinger Band width contracting with candle below middle BB suggesting middle BB the next resistance for FKLI @ 1067.5. MACD show some sign of rounding bottom while RSI remain neutral @ 64.7.

FKLI support @ 1055.5 follow by 1044 while resistance @ 1067.5 follow by 1091.

HAPPY TRADING!!

FKLI closed 17 points lower @ 1057 due to no lead from DJ (closed on Friday for Independent Day) and weak Asian market.

FKLI candle begin to move below middle BB band with BB width begin to expand. Once BB expanding further and candle below middle BB, this is a sign for further downside for FKLI. MACD also in bearish mode moving south heading to zero line.

1000 become the critical psycholigical support for FKLI within this short term. As long as 1000 not broken it shall be a correction wave before the next jump.

HAPPY TRADING!

FKLI Technial Analysis - 01 Jul 2009

FKLI traded higher on 01 Jul 2009 disregards of cash market which is traded lower in the morning but picking up in the afternoon. FKLI closed 4 points @ 1083 with 8,375 contracts transacted.

Bollinger band remain consistant wth candle closed above middle BB. MACD forming golden cross, RSI begin moving norht @ 59.8. Most of the indicator suggesting that further uptrend is possible for FKLI depending on participation/volume involved.

Support @ 1080, 1072, 1046 while resistance @ 1098.

HAPPY TRADING!

Market News - 30 June 2009

U.S. and European Market Roundup

• The DJIA up 90.99 points to 8,438.39 points.
• U.S stocks rose on Monday as higher oil prices lifted shares of energy companies and fund managers snapped up this quarter's winners to burnish their portfolios.
• European shares closed higher on Monday with financials given a boost by broker upgrades and rising crude prices lifting energy stocks.

Macro and Corporate New

• Tanjong plc's net profit for the 1QFY10 ended April 30 dipped 4.8% to RM191.4 mln from a year earlier as it recorded, among others, a net investment loss of RM3.1 mln versus net investment income of RM74.3 mln in 1Q09.
• Berjaya Corp (BCorp) posted a net loss of RM113.9 mln for the 4Q09 ended April 30 compared with a profit of RM235.9 mln a year ago due to impairment losses of about RM90.4 mln.

FKLI Technical Analysis - 29 June 2009

FKLI-SPOT formed a doji indicating uncertainty on the market. Overall FKLI traded higher intraday but low volument & closed 1 points higher @ 1080.

Trader begin to put their focus on FKLI-NEXT which is Jul09.

FKLI-NEXT begin active closed to month end closed 1077 which is 2 points higher. FKLI-NEXT also formed a doji.

Bollinger band begin to expand with candle above middle BB. MACD rounding up and a golden cross is possible with RSI showing uptrend. Support @ 1067.5 while resistance @ 1094.5.

With crude oil firming up & up coming PM announcement on libelization, the uptrend further upside for FKLI is possible.

HAPP TRADING!

FKLI Technial Analysis - 26 June 2009

DJ closed +172 overnight has lifted FKLI open high but moving down as trader begin to profit take from the hike yesterday. However FKLI regain the momentum in the afternoon and closed 3 points higher @ 1079.

Hourly chart shows BB band begin to contract with candle above middle BB. MACD nearly form dead cross and RSI nearer to overbought zone.

FKLI support @ 1077.5, 1074, 1071 while resistance @ 1084.

Market News - 26 Jun 2009

U.S. and European Market Roundup

• The DJIA up 172.54 points to 8,472.40 points.
• Investors rushed back into stocks as profits at a handful of companies indicated the economy might be gaining strength.
• European shares closed lower on Thursday as banks and drugmakers fell and investor sentiment was hit by data showing the number of U.S workers filing new claims for jobless benefits unexpectedly rose last week

Macro and Corporate New

• Gamuda's third-quarter profits dropped by 40% to RM46.30 mln because of lower contribution from construction, property development and infrastructure concessions. In the three-month period ended April 30, the builder posted RM579.37 mln revenue from RM574.70 mln a year ago.
• Petra Perdana is allocating some RM1.09 bln to buy 14 new vessels that are due to be delivered within the next 18 months.

FKLI Technical Analysis - 24 Jun 2009

FKLI traded higher today in tandem with regional's bourses. FKLI closed 10.5 points higher @ 1057.5.

Bollinger band width slightly contracting with candle below middle BB. MACD begin to form rounding with RSI begin moving upwards.

Depends on DJIA closing overnight, FKLI should continue its uptrend the next day if DJIA closed green overnight. Support @ 1049.5, 1037 while resistance @ 1061, 1066, 1070.

FKLI Technical Analysis - 23 Jun 2009

DJ drop 200 points overnight caused sell-offs in the region on concerns of a prolonged economic recession. FKLI traded lower in the morning session but rebound from noon onwards ended 3 points higher @ 1047.

Bollinger band width constant with candle below middle BB. As long as BB width not expanding with candle below middle BB, there is room for FKLI to rebound. MACD still moving south with RSI index @ 57.

Support @ 1045.5, 1040, 1036 while resistance @ 1051.5, 1065.5.

HAPPY TRADING!

FKLI Technial Analysis - 18 June 2009

FKLI closed lower for another day as Wall Street offered no fresh leads for Asian markets. The closely monitored Dow Jones Industrial Average moved in and out of positive territory throughout the trading day before closing almost unchanged overnight.

Trading in Asian stock markets was lacklustre. Buying momentum slowed as investors appear to be moving to the sidelines while selling pressure was also muted in the absence of significant developments.

FKLI bollinger band continouesly contracting with candle went below middle BB. It turns middle BB become the immediate resistance for FKLI. As long as BB width not expanding with candle below middle BB, FKLI downside risk is minimal.

Support = 1050, 1037.5, 1034.5

Resistance = 1065, 1068.5, 1074

HAPPY TRADING!!

FKLI Technial Analysis - 17 June 2009

Further downside from DJ overnight and world oil price uncertainty has causing FKLI traded lower for 3 days consicutively. FKLI closed 9 points lower @ 1071.

Bollinger band width remain consistance with candle nearer to middle BB. This suggest that middle BB band become the immediate support for FKLI. MACD begin moving south with RSI @ 57.5.

Resistance =1075, 1079, 1098

Support = 1064, 1060, 1057.

HAPPY TRADING!

Market News - 17 June 2009

U.S. and European Market Roundup

• The DJIA down 107.46 points to 8,504.67 points.
• U.S stocks slipped on after news of a seventh straight monthly drop in industrial production overshadowed better-than-expected reports on home construction, building permits and inflation.
• European shares fell marginally on Tuesday, with weak banking shares offsetting a rise in defensive sectors, and amid mixed signals for economic recovery.

Macro and Corporate New

• Property developer KYM Holdings is expected to sign an agreement as early as next week to help build a RM300 mln medical complex in Malacca, its Group Managing Director Datuk Raymond Chong Thin Choy said.
• Perisai Petroleum Teknologi plans to raise up to RM40 mln in a private placement for working capital and to repay debt.

FKLI Technial Analysis - 16 June 2009

FKLI dragged down by weak US economic data and lower commodity prices, closed 5.5 points lower @ 1080.

A monthly index of manufacturing conditions around the New York region fell to -9.4 in June from -4.6 the previous month, pointing that any recovery in the US - a critical market for Asian exporters - may be slower than expected.

From the 60minutes chart on the left it shows Bollinger Band width begin to expand with candle below middle BB band. MACD still in bearish mode but begin to form a rouding bottom.

Resistance @ 1083.5, 1091.5 while support @ 1078.5, 1075

HAPPY TRADING!!

FKLI Technical Analysis - 15 June 2009

FKLI closed 5 points lower @ 1085.5 with total volume of 5374 lots transacted. Impact from most Asian market low.

Bollinger Band width begin to contract with candle remain above middle BB. MACD remain in-directional and RSI moving south.

Immediate support @ 1080.5, 1072.5, 1060 while resistance @ 1089.5, 1092.5, 1097.5.

HAPPY TRADING!

FKLI 15 June 2009 - Afternoon TA

Data captured on 15 June 2009 1412:

Moving Average:

MA(3) = 1087.5

MA(12) = 1087.5

MA(69) = 1076.5

Bollinger Band:

Upper = 1090.5

Middle = 1087

Lower = 1083.5

With regional market moving south and DJIA in the red zone, further downside is possible in the afternoon session! Happy TRADING!

FKLI Technial Analysis - 11 June 2009

FKLI closed 5 points lower after rally @ 1083.50.

Bollinger band width begin to contract with candle still maintain above middle BB. RSI sits @ 67.

Resistance @ 1093, 1096

Support @ 1086.5, 1081

HAPPY TRADING!

FKLI Technical Analysis - 28 May 2009

FKLI traded lower today after announcement on Malaysia GDP contraction of 6.2%. Even it has been revised to contraction of 4%-5% in the afternoon, it doesn't bring much positive impact as trader continue taking profit from yesterday hike.

FKLI closed 11.5 points lower @ 1038.5 with Bollinger Band width continue contraction and candle nearer to middle BB band. Both MACD & RSI continue heading south.

Resistance @ 1044.5, 1055.5, 1059.5 while support @ 1033.5, 1025, 991.

HAPPY TRADING

FKLI Technical Analysis - 26 May 2009

FKLI traded lower after profit taking from the gain on 25 May 2009. FKLI closed 7.5 points lower @ 1042 with higher volume traded.

Bollinger Band width remain consistent with candle above middle BB. MACD failed to form a golden cross and begin moving south while RSI moving away from overbought zone.

Support @ 1018 while resistance @ 1063.

HAPPY TRADING!