Analysis on KLCI and FCPO for 14/03/2013

KLCI

As anticipated, stock markets start to retrace, traders please trade with cautious and shouldn't hold too many stocks. Any rebound from now might be considering as distirbution by smart money, be aware not to fall into shark's trap.

Traders can monitor below stocks for short term trade:

1. Bstead
2. Kossan
3. Padini
4. HDBS
5. Takaful
6. Pos
7. DKSH
8. Kenanga
9. Penergy
10. Boilerm

FCPO
The fcpo set to test below 2367 soon. Although it is on seasonal low production of cpo now, however, the low production itself is not enough to offset the low export due to the low demand and over supply of soybean oil and vegetable oil. Unless the price can break above 2467, or else, it is still favour in short position.