Analysis on KLCI and FCPO for 27/02/2013

KLCI

Stock markets likely to have technical rebound this week and KLCI might challenge above 1630. May monitor below stocks for short term play:

1. Pwroot
2. Alam
3. Uoadev
4. Gamuda
5. Canone
6. Klccp
7. Cmmt
8. Cresbld
9. Takaful
10. Eastlnd
11. Deleum
12. Daibochi
13. Pos
14. Tomypak
15. Johotin

FCPO
As anticipated, FCPO May contract drop below RM2440 on 25/02/2013 and closed at 2417. Expect a technical rebound on 27/02/2013. The major trend is still bearish, position trader can look for high side to open short position.