FBMKLCI
Another Day of Tumbling…
Overnight DJIA suffered another day of huge losses on concern of Greece’s debt development. For today, FBMKLCI will trade in tandem and further south side trading is expected with the immediate support is seen at 1453 level. Immediate resistance is seen at 1487 level.
Unisem
Last Done: RM1.26
The stock took over SMA 50 level and trading above the Fibonacci level of 23.6%. Investors can take a look at this stock but please bear in mind that any initiation should be in a smaller scale. Besides, if the stock can trade/ reach RM1.30 level, the initiation will be more convincing, else, we can wait patiently. Stop loss level can be set around RM1.00.
Immediate support is seen at RM1.20 level and immediate resistance is seen at RM1.40 level.
FKLI
Immediate Support – 1445 Level!
The same for FKLI as FKLI will have its immediate support at 1445 level (Fibonnaci level of 50%). What can investors do at the moment? Can investors initiate short position? For risk taker investors, investors can initiate short position with stop loss level being set around 1470 level. First level of profit taking should be a level around 1430 level.
Immediate support is seen at 1445 level and immediate resistance is seen at 1482 level.
FCPO
Immediate Support – 2900 Level!
The immediate support for the FCPO is seen at 2900 (SMA 30 and psychological level) and this level shall be a reliable level for now. We shall have a close monitoring for this level and those day trader can take this level as a reference level. Immediate support is seen at 2900 level, followed by 2850 level and immediate resistance is seen at 2952 level.
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