Last Done: RM1.26
Investors who owned this stock should take extra cautious as this maybe the starting of the downtrend for this stock. Since the picked up from last October, the stock never drop below the SMA 20 (RM1.25), thus, if this level not able to be supported, investors will need to change your strategy accordingly as a strong support can only be seen at RM1 level.
Immediate support is seen at RM1.18, followed by RM1 level and immediate resistance is seen at RM1.50, followed by RM1.65.
FKLI
Nothing much to cover on the trend as the overall technical landscape did not change since the index taken over the Fibonacci level of 1532. We will expect the index to head towards 1600 level, albeit in a slower pace.
Immediate support is seen at 1550 level, followed by 1532 level and immediate resistance is seen at 1570 level, followed by 1600 level.
Last 2 Barriers!
What are the last 2 barriers for the FCPO? Immediate 2 resistances will be at the Fibonacci level of 38.2% (3218 level) and the recent high (3270 level). If these 2 levels can be taken over convincingly, the overall uptrend will be firmer.
Investors can remain hold on to your long position with stop loss level being revised upward to 3150 level.
Immediate support is seen at 3180 level, followed by 3150 level and immediate resistance is seen at 3217 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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