DJIA
Convincing Break?
The DJIA took over the SMA 200 since a week ago, however, is this a convincing break for the Dow? The answer is “no”. We can only safely say that the DJIA will need to break through 12300 level for a confirmed uptrend in the near future. Immediate support is seen at 11900 level and immediate resistance is seen at 12000 level.
We shall look at MAS stock tomorrow as requested by investors.
FKLI
Take a Chance!
Worthwhile for investors to take a chance to initiate long position, especially any level below 1450 level with cut loss point being set around 1442 level. However, risk averse investors should remain intraday trading. Immediate support is seen at 1459 level, followed by 1445 level and immediate resistance is seen at 1480 level.
FCPO
Starting of Another Round of Downward Trading?
We shall have a confirmation for the above question by the end of tomorrow. If the Fibonacci level of 23.6% (3040) is being taken over convincingly, the FCPO might head towards south and trade within 2700 to 3000 levels.
For risk taker investors, as this maybe the starting of the south side trading, so long as the 3000 level is not able to be supported, investors can initiate a short position with the stop loss level being placed around 3010 level.
For risk taker investors, as this maybe the starting of the south side trading, so long as the 3000 level is not able to be supported, investors can initiate a short position with the stop loss level being placed around 3010 level.
Immediate support is seen at 2995 level (SMA 50), followed by 2950 level and immediate resistance is seen at 3020 level, followed by 3040 level.
No comments:
Post a Comment