MBFHLDG ( 1236 : 1.07 ) : Targeting 1.18/Stop loss 1.04
Description
Resistance : 1.18 1.28
Support : 1.04
RSI of 49
RSI is neutral
STOCHASTIC
It is oversold, indicating a technical rebound
Comment
The recent pullback may have been completed at 1.05
Trading Strategy
Buy. Stop loss is at 1.04
Source:Jupiter Securities Reasearch 06 September 2012
Thursday, 6 September 2012
Stock Overview - MKLAND - 6 Sept 2012
MKLAND ( 8893 : 0.35 ) : Buy below 0.34
Description
Resistance : 0.39
Support : 0.32
RSI of 37
RSI is approaching oversold
STOCHASTIC
It is oversold, indicating a limited downside
Comment
With technicals oversold, it is due for a rebound
Trading Strategy
Buy below 0.34. Stop loss is at 0.31
Source:Jupiter Securities Reasearch 06 September 2012
Description
Resistance : 0.39
Support : 0.32
RSI of 37
RSI is approaching oversold
STOCHASTIC
It is oversold, indicating a limited downside
Comment
With technicals oversold, it is due for a rebound
Trading Strategy
Buy below 0.34. Stop loss is at 0.31
Source:Jupiter Securities Reasearch 06 September 2012
CSL ( 5214 : 1.14 ) : Take profit
Description
Resistance : 1.18
Support : 1.02
RSI of 55
RSI is neutral
STOCHASTIC
It is overbought, and turning downwards
Comment
On the buy call of 10/8/2012 at 1.02, we are recommending to take profit at 1.13, as technicals are approaching overbought indicating a pullback
Trading Strategy
Take profit
Source:Jupiter Securities Reasearch 06 September 2012
Description
Resistance : 1.18
Support : 1.02
RSI of 55
RSI is neutral
STOCHASTIC
It is overbought, and turning downwards
Comment
On the buy call of 10/8/2012 at 1.02, we are recommending to take profit at 1.13, as technicals are approaching overbought indicating a pullback
Trading Strategy
Take profit
Source:Jupiter Securities Reasearch 06 September 2012
Stock Overview - FAVCO - 6 Sep 2012
FAVCO ( 7229 : 1.65 ) : Buy below 1.60
Description
Resistance : 1.84
Support : 1.56
RSI of 48
RSI is neutral
STOCHASTIC
It is approaching oversold, indicating a limited downside
Comment
With technicals oversold, it is due for a rebound
Trading Strategy
Buy below 1.60. Stop loss is at 1.55
Source:Jupiter Securities Reasearch 06 September 2012
Description
Resistance : 1.84
Support : 1.56
RSI of 48
RSI is neutral
STOCHASTIC
It is approaching oversold, indicating a limited downside
Comment
With technicals oversold, it is due for a rebound
Trading Strategy
Buy below 1.60. Stop loss is at 1.55
Source:Jupiter Securities Reasearch 06 September 2012
Daily Summary - 6 Sep 2012
YOUR MORNING COFFEE – Thursday 6/9/2012
SUMMARY
SUMMARY
- Wall St closed 0.1% higher ahead of ECB meeting Thursday, and US job data Friday. ECB is expected to announce bond buying to boost the economy. US, this Friday, is expected to add 120,000 new jobs in August.
- Dow of 13,047, is on a technical rebound. Resistance is at 13,338. RSI of 48, is steady.
- DOLLAR INDEX is lower at 81.2. Resistance is at 82.9.
- Crude oil is lower at USD95.3. Resistance is at 100.0.
- Dollar yen is higher at 78.4 yen. Support is at 77.4.
- Euro/dollar is higher at 1.260. Upside is at 1.262.
- Gold is higher at USD1692. Upside is at 1740.
- Shanghai closed lower at 2,037.
- Singapore STI closed lower at 2,998.
- Ringgit is weaker at 3.112. Downside is at 3.210.
- S’pore ringgit is lower at 2.495. Upside is at 2.540.
- Malaysian market closed lower at 1641. On the Daily chart, it is targeting 1710 over a longer term. Near term pullback support is at 1637. RSI of 50, is neutral. Today’s range is between 1637 and 1647.
- CPO Nov futures is lower at RM3006. Resistance is at 3270.
- Trading : CSL ( 5214 : 1.14 ) : Take profit, MBFHLDG ( 1236 : 1.07 ) : Targeting .18/Stop loss 1.04, FAVCO ( 7229 : 1.64 ) : Buy below 1.60, MKLAND ( 8893 : 0.35 ) : Buy below 0.34
Morning Coffee - 5 Sep 2012
MARKET ROUNDUP (Source Bloomberg)
S&P 500 Trims Loss Amid Speculation Europe To Take Steps: as speculation European leaders will announce new steps to tame the debt crisis tempered concern the economic recovery is slowing. The S&P 500 lost 0.1 percent to 1,404.94 at
4 p.m. New York time, trimming a drop of as much as 0.7 percent. The Dow Jones Industrial Average retreated 54.90 points, or 0.4 percent, to 13,035.94. Volume for exchange-listed stocks in the U.S. was 5.6 billion shares, or 7.3 percent below the three-month average.
European Stocks Decline On U.S. Manufacturing Report: as a report showed that U.S. manufacturing unexpectedly contracted in August. The U.K.’s FTSE 100 Index fell 1.5 percent. France’s CAC 40 retreated 1.6 percent and Germany’s
DAX slid 1.2 percent.
Oil Advances From One-Week Low As Crude Stockpiles Seen Falling: Oil for October delivery increased as much as 32 cents to $95.62 a barrel in electronic trading on the New York Mercantile Exchange and was at $95.55 at 9:24 a.m. Sydney
time. The contract decreased $1.17 yesterday to close at $95.30, the lowest level since Aug. 30. Front-month prices are down 3.3 percent this year.
CORPORATE NEWS
Property developers optimistic of improved second half: The survey shows that majority of the developers will price their properties between RM250,000 and RM500,000, comprising a mix of single- and double-storey terrace houses and service apartments.
Favelle Favco gets RM89.6m crane orders: received orders to supply offshore cranes to P.T. Pal Indonesia (Persero)-Offshore Oil Engineering Co Ltd and Favelle Favco Cranes Pty Ltd Technip France for RM89.6 million.
Btimes
Bank Negara unlikely to raise policy rate: Seventeen of the 18 economists polled by Reuters also said export growth was sluggish in July in line with the broader slowdown across Asia, but they all expected the central bank to hold the overnight policy rate (OPR) at 3.00%.
Singapore PMI contracts for 2nd month on lower orders: Employment also shrank for the 14th straight month in the citystate, the latest Purchasing Manager's Index (PMI) showed yesterday, underscoring the weakness in the manufacturing sector.
StarbIz
Source:Jupiter Securities Reasearch 05 September 2012
S&P 500 Trims Loss Amid Speculation Europe To Take Steps: as speculation European leaders will announce new steps to tame the debt crisis tempered concern the economic recovery is slowing. The S&P 500 lost 0.1 percent to 1,404.94 at
4 p.m. New York time, trimming a drop of as much as 0.7 percent. The Dow Jones Industrial Average retreated 54.90 points, or 0.4 percent, to 13,035.94. Volume for exchange-listed stocks in the U.S. was 5.6 billion shares, or 7.3 percent below the three-month average.
European Stocks Decline On U.S. Manufacturing Report: as a report showed that U.S. manufacturing unexpectedly contracted in August. The U.K.’s FTSE 100 Index fell 1.5 percent. France’s CAC 40 retreated 1.6 percent and Germany’s
DAX slid 1.2 percent.
Oil Advances From One-Week Low As Crude Stockpiles Seen Falling: Oil for October delivery increased as much as 32 cents to $95.62 a barrel in electronic trading on the New York Mercantile Exchange and was at $95.55 at 9:24 a.m. Sydney
time. The contract decreased $1.17 yesterday to close at $95.30, the lowest level since Aug. 30. Front-month prices are down 3.3 percent this year.
CORPORATE NEWS
Property developers optimistic of improved second half: The survey shows that majority of the developers will price their properties between RM250,000 and RM500,000, comprising a mix of single- and double-storey terrace houses and service apartments.
Favelle Favco gets RM89.6m crane orders: received orders to supply offshore cranes to P.T. Pal Indonesia (Persero)-Offshore Oil Engineering Co Ltd and Favelle Favco Cranes Pty Ltd Technip France for RM89.6 million.
Btimes
Bank Negara unlikely to raise policy rate: Seventeen of the 18 economists polled by Reuters also said export growth was sluggish in July in line with the broader slowdown across Asia, but they all expected the central bank to hold the overnight policy rate (OPR) at 3.00%.
Singapore PMI contracts for 2nd month on lower orders: Employment also shrank for the 14th straight month in the citystate, the latest Purchasing Manager's Index (PMI) showed yesterday, underscoring the weakness in the manufacturing sector.
StarbIz
Source:Jupiter Securities Reasearch 05 September 2012
Tuesday, 4 September 2012
Stock Overview - PERDANA - 5 Sept 2012
PERDANA ( 7108 : 0.73 ) : Targeting 0.86/Stop loss 0.695
Description
Oil and Gas
Resistance : 0.86
Support : 0.70
RSI of 65
RSI is on the rise
STOCHASTIC
It is on an upswing
Comment
The current uprun is heading for 0.86
Trading Strategy
Buy. Stop loss is at 0.695
Source:Jupiter Securities Research 05 September 2012
Description
Oil and Gas
Resistance : 0.86
Support : 0.70
RSI of 65
RSI is on the rise
STOCHASTIC
It is on an upswing
Comment
The current uprun is heading for 0.86
Trading Strategy
Buy. Stop loss is at 0.695
Source:Jupiter Securities Research 05 September 2012
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