Tenaga
Last Done: RM6.09
Breaking through the recent high and psychological level (RM6) is indicating the near term upward moving. So long as the stock price able to sustain above the RM6.05 level, investors can tag along this upward trading and accumulate position for short term trading with stop loss level being set around RM5.80.
Immediate support is seen at RM6, followed by RM5.80 level and immediate resistance is seen at RM6.30.
FKLI
Immediate Resistance – 1532 Level!
The FKLI is facing with its immediate resistance at 1532 level, however, this resistance level is not a tough resistance level. The possibility for the index to take over this level is high but the FKLI may hover around this level for a while before able to take over this level convincingly. I reiterate my view that long position will be more in favor compare to short position, at least for now.
Immediate support is seen at 1510 level and immediate resistance is seen at 1532 level.
FCPO
Around Fibonacci Level of 38.2%!
Nothing much to look at as the FCPO remains its tight range trading and this situation is expected to resume so long as the Fibonacci level of 38.2% is not being taken over convincingly. Investors can only remain intraday range trading. Immediate support is seen at 3200 level, followed by 3150 level and immediate resistance is seen at 3218 level, followed by 3270 level.
Disclaimer:
The information herein was obtained or derived from the source that I believed are reliable. No liability can be accepted for any loss that may arise from the use of this report. All opinions and estimates included in this report constitute my judgment as of this date, not an invitation to buy and are subject to change without further notice.
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