Dow Jones
Heading towards 2011’s High…
The Dow is convincingly staying above the SMA 200 level and further upward trading is expected. The Dow is currently heading towards the 2011’s high – 12840 level and the DJIA will challenge its historical high if the above level is being taken over. Strong support is seen at 12000 level and immediate resistance is seen at 12700 – 12800 levels.
We shall have a look at Gamuda’s stock tomorrow.
FKLI
Worthwhile to Take a Chance…
Any level near to/ below 1500 level is worthwhile for investors to take a chance and initiate long position with stop loss level being placed around 1490 level. The 1500 level should serve as a reliable support, at least for now.
Immediate support is seen at 1500 level, followed by 1480 level and immediate resistance is seen at 1532 level.
FCPO
Sustaining…
The FCPO is hovering around the Fibonacci level of 38.2% and we shall get the confirmation by the end of the day. For risk averse investors, investors should only accumulate long position if the recent high (3270 level) is being taken over convincingly; for risk taker investors, investors can accumulate long position at current level with the stop loss level being placed slightly below 3200 level.
Immediate support is seen at 3217 level, followed by 3200 level and immediate resistance is seen at 3270 level, followed by 3300 level.
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