Chart 1: FBMACE's weekly chart as at January 30, 2012 (Source: Quickcharts)
Chart 2: FBMSCAPs weekly chart as at January 30, 2012 (Source: Quickcharts)
FBMFLG had also broken above its intermediate downtrend line in the middle of January but the rise was more timid.
Chart 3: FBMFLG's weekly chart as at January 30, 2012 (Source: Quickcharts)
The earlier observed weakness in FBMKLCI is still intact. We have seen the daily MACD hooking down. The immediate support for FBMKLCI is its medium-term uptrend line supportat 1505-1510. At the time of writing, FBMKLCI is down 7.5 point to 1513. Can FBMKLCI stay above the uptrend line. If that support failed, the next support is the psychological 1500 mark.
Chart 4: FBMFLG's daily chart as at January 30, 2012 (Source: Quickcharts)
A sharp drop in FBMKLCI could trigger a broad corection among the 2nd and 3rd liners and a pullback for FBMACE, FBMSCAP and FBMFLG. Let's wait & see.
6 comments:
Hi Alex,
My observation tells the bear is out for vengence. Any good reason there are 3 HA got suspended today if not for expiry....something to ponder??
Hi Alex,
Good Day!
Do you have any comment on Evergreeen (5101)?
Thanks!
Hi solomon
Which 3 HA were suspended? if they were suspended, it is most likely because they have expired.
When I looked thru the list of structured warrants (see link below), there are still a few put warrants that are listed.
http://www.osk188.com/pageSW.jsp?name=SW_PricingTable
Hi Yee
Evergreeen is starting on its upleg. It is now resting at the support of RM1.03. As long as it does not break below RM1.00, the recovery prospect is good. The target for the next upleg will be RM1.30-1.50.
HAs for MHB, DRB and Dialog. They resumed again today. Is their suspension due to one month before their expiry??
Hi Alex,
Can you please comments on Jotech Holdings ? I notice that its trading volume is increasing recently. How is the company prospect after merge. Is it worth to buy at this level (RM0.15) ?
Thanks !
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