AXIATA ( 6888 : 5.18 ) : Stop loss 5.06
Description
Resistance : 5.40-5.50
Support : 5.06
RSI of 67
RSI is steady
STOCHASTIC
It is on an up swing
TREND INDICATOR
Comment
The current uptrend is heading for 5.40. A tight stop loss should be placed at 5.06
Trading Strategy
Buy. Stop loss is at 5.06
Source: Jupiter Securities Research 5 March 2012
Sunday, 4 March 2012
Daily Summary - 5 Mar 2012
YOUR MORNING COFFEE – Monday 5/3/2012
SUMMARY
· Wall St closed 0.02% lower. Markets continued to maintain at the current levels, following the bailout of Greece, and the ECB pumping cash into European banks. And EU has finally signed the fiscal compact, which will impose budgetary discipline among members.
· Dow of 12,977, is targeting 13,279. Previous high is 14,198. Caution is on the key support 12,670, which will be negative if breached. RSI of 63, is showing early sign of weakness.
· Dollar Index is higher at 79.4. Resistance is at 80.3.
· Crude oil is lower at USD106.7. Resistance is at 114.0.
· Dollar yen is higher at 81.7 yen. Resistance is at 82.2.
· Euro/dollar is lower at 1.320. Support is at 1.310.
· Gold is lower at USD1709. Downside is at 1625.
· Shanghai closed higher at 2,460.
· Singapore STI closed higher at 2,987.
· Ringgit is weaker at 3.010. Resistance is at 2.96.
· S’pore ringgit is lower at 2.404. Support is at 2.370
· Malaysian market closed higher at 1583. On the Daily chart, it broke the 200 MA of 1504, indicating a further upward push to 1594. Support is at 1566. RSI of 72, is rebounding. Today’s range is between 1580 and 1590.
· CPO April futures is lower at RM3253. Support is at 3023.
· Trading : MUDAJYA ( 5085 : 2.84 ) : Targeting 3.18, DATAPRP ( 8338 : 0.37 ) : Targeting 0.44, TIMECOM ( 5031 : 0.75 ) : Targeting 0.82, AXIATA ( 6888 : 5.18 ) : Stop loss 5.06
Source: Jupiter Securities Research 5 March 2012
SUMMARY
· Wall St closed 0.02% lower. Markets continued to maintain at the current levels, following the bailout of Greece, and the ECB pumping cash into European banks. And EU has finally signed the fiscal compact, which will impose budgetary discipline among members.
· Dow of 12,977, is targeting 13,279. Previous high is 14,198. Caution is on the key support 12,670, which will be negative if breached. RSI of 63, is showing early sign of weakness.
· Dollar Index is higher at 79.4. Resistance is at 80.3.
· Crude oil is lower at USD106.7. Resistance is at 114.0.
· Dollar yen is higher at 81.7 yen. Resistance is at 82.2.
· Euro/dollar is lower at 1.320. Support is at 1.310.
· Gold is lower at USD1709. Downside is at 1625.
· Shanghai closed higher at 2,460.
· Singapore STI closed higher at 2,987.
· Ringgit is weaker at 3.010. Resistance is at 2.96.
· S’pore ringgit is lower at 2.404. Support is at 2.370
· Malaysian market closed higher at 1583. On the Daily chart, it broke the 200 MA of 1504, indicating a further upward push to 1594. Support is at 1566. RSI of 72, is rebounding. Today’s range is between 1580 and 1590.
· CPO April futures is lower at RM3253. Support is at 3023.
· Trading : MUDAJYA ( 5085 : 2.84 ) : Targeting 3.18, DATAPRP ( 8338 : 0.37 ) : Targeting 0.44, TIMECOM ( 5031 : 0.75 ) : Targeting 0.82, AXIATA ( 6888 : 5.18 ) : Stop loss 5.06
Source: Jupiter Securities Research 5 March 2012
Thursday, 1 March 2012
Stock Overview - TGUAN - 2 Mar 2012
TGUAN ( 7034 : 1.37 ) : Targeting 1.55
Description
Packaging manufacturing
Resistance : 1.55 1.72
Support : 1.32
RSI of 67
RSI is on the rise
STOCHASTIC
It is riding on an upswing
TREND INDICATOR
Down
Comment
The upkick yesterday, is heading for 1.55. A tight stop loss should be placed at 1.32
Trading Strategy
Buy. Stop loss is at 1.32
Source:Jupiter Securities Research 2 March 2012
Description
Packaging manufacturing
Resistance : 1.55 1.72
Support : 1.32
RSI of 67
RSI is on the rise
STOCHASTIC
It is riding on an upswing
TREND INDICATOR
Down
Comment
The upkick yesterday, is heading for 1.55. A tight stop loss should be placed at 1.32
Trading Strategy
Buy. Stop loss is at 1.32
Source:Jupiter Securities Research 2 March 2012
Stock Overview - SCOPE - 2 Mar 2012
SCOPE ( 0028 : 0.18 ) : Targeting 0.28
Description
Electrical components
Resistance : 0.28
Support : 0.15
RSI of 78
RSI is overbought
STOCHASTIC
It has started to turn upwards
TREND INDICATOR
Sideways
Comment
The upkick yesterday, is heading for 0.28. A tight stop loss should be placed at 0.15
Trading Strategy
Buy. Stop loss is at 0.15
Source:Jupiter Securities Research 2 March 2012
Description
Electrical components
Resistance : 0.28
Support : 0.15
RSI of 78
RSI is overbought
STOCHASTIC
It has started to turn upwards
TREND INDICATOR
Sideways
Comment
The upkick yesterday, is heading for 0.28. A tight stop loss should be placed at 0.15
Trading Strategy
Buy. Stop loss is at 0.15
Source:Jupiter Securities Research 2 March 2012
Stock Overview - DIJACOR - 2 Mar 2012
DIJACOR ( 5401 : 1.61 ) : Targeting 1.88
Description
Resistance : 1.88 2.08
Support : 1.48
RSI of 83
RSI is overbought
STOCHASTIC
It is riding on an upswing
TREND INDICATOR
Up
Comment
The upkick yesterday, is heading for 1.88. A tight stop loss should be placed at 1.48
Trading Strategy
Buy. Stop loss is at 1.48
Source:Jupiter Securities Research 2 March 2012
Description
Resistance : 1.88 2.08
Support : 1.48
RSI of 83
RSI is overbought
STOCHASTIC
It is riding on an upswing
TREND INDICATOR
Up
Comment
The upkick yesterday, is heading for 1.88. A tight stop loss should be placed at 1.48
Trading Strategy
Buy. Stop loss is at 1.48
Source:Jupiter Securities Research 2 March 2012
Stock Overview - DAYANG - 2 Mar 2012
DAYANG ( 5141 : 2.17 ) : Stop loss 2.06
Description
Resistance : 2.42
Support : 2.06
RSI of 70
RSI is on the rise
STOCHASTIC
It is riding on an upswing
TREND INDICATOR
Up
Comment
The upkick yesterday, is heading for 2.42. A tight stop loss should be placed at 2.06
Trading Strategy
Buy. Stop loss is at 2.06
Source:Jupiter Securities Research 2 March 2012
Description
Resistance : 2.42
Support : 2.06
RSI of 70
RSI is on the rise
STOCHASTIC
It is riding on an upswing
TREND INDICATOR
Up
Comment
The upkick yesterday, is heading for 2.42. A tight stop loss should be placed at 2.06
Trading Strategy
Buy. Stop loss is at 2.06
Source:Jupiter Securities Research 2 March 2012
Daily Summary - 2 Mar 2012
YOUR MORNING COFFEE – Friday 2/3/2012
SUMMARY
· Wall St closed 0.2% higher, on positive data. Weekly initial jobless claims down to 351,000. Personal income and spending rose 0.3%, and 0.2% respectively. However, ISM manufacturing index dipped to 52.4, lower than expected, indicating weak manufacturing. Retailers reported higher same store sales, up 4.7%.
· Dow of 12,980, is targeting 13,279. Previous high is 14,198. Caution is on the key support 12,670, which will be negative if breached. RSI of 63, is showing early sign of weakness.
· Dollar Index is lower at 78.8. Resistance is at 80.0.
· Crude oil is higher at USD108.8. Resistance is at 114.0.
· Dollar yen is lower at 81.1 yen. Resistance is at 82.2.
· Euro/dollar is lower at 1.331. Support is at 1.316.
· Gold is higher at USD1722. Downside is at 1625.
· Shanghai closed lower at 2,426.
· Singapore STI closed lower at 2,978.
· Ringgit is firmer at 2.995. Resistance is at 2.96.
· S’pore ringgit is lower at 2.404. Support is at 2.370
· Malaysian market closed higher at 1573. On the Daily chart, it broke the 200 MA of 1501, indicating a further upward push to 1578. Support is at 1566. RSI of 68, is rebounding. Today’s range is
between 1568 and 1578.
· CPO April futures is lower at RM3259. Support is at 3023.
· Trading : DIJACOR ( 5401 : 1.61 ) : Targeting 1.88, SCOPE ( 0028 : 0.18 ) : Targeting 0.28, TGUAN ( 7034 : 1.37 ) : Targeting 1.55, DAYANG ( 5141 : 2.17 ) : Stop loss 2.06
Source:Jupiter Securities Research 2 March 2012
SUMMARY
· Wall St closed 0.2% higher, on positive data. Weekly initial jobless claims down to 351,000. Personal income and spending rose 0.3%, and 0.2% respectively. However, ISM manufacturing index dipped to 52.4, lower than expected, indicating weak manufacturing. Retailers reported higher same store sales, up 4.7%.
· Dow of 12,980, is targeting 13,279. Previous high is 14,198. Caution is on the key support 12,670, which will be negative if breached. RSI of 63, is showing early sign of weakness.
· Dollar Index is lower at 78.8. Resistance is at 80.0.
· Crude oil is higher at USD108.8. Resistance is at 114.0.
· Dollar yen is lower at 81.1 yen. Resistance is at 82.2.
· Euro/dollar is lower at 1.331. Support is at 1.316.
· Gold is higher at USD1722. Downside is at 1625.
· Shanghai closed lower at 2,426.
· Singapore STI closed lower at 2,978.
· Ringgit is firmer at 2.995. Resistance is at 2.96.
· S’pore ringgit is lower at 2.404. Support is at 2.370
· Malaysian market closed higher at 1573. On the Daily chart, it broke the 200 MA of 1501, indicating a further upward push to 1578. Support is at 1566. RSI of 68, is rebounding. Today’s range is
between 1568 and 1578.
· CPO April futures is lower at RM3259. Support is at 3023.
· Trading : DIJACOR ( 5401 : 1.61 ) : Targeting 1.88, SCOPE ( 0028 : 0.18 ) : Targeting 0.28, TGUAN ( 7034 : 1.37 ) : Targeting 1.55, DAYANG ( 5141 : 2.17 ) : Stop loss 2.06
Source:Jupiter Securities Research 2 March 2012
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