Last Done: RM2.88
Those investors who are having the stock can continue to hold on to the stock as overall uptrend remains intact. However, for the stock to move further towards north, the stock will need to take over RM3 convincingly, else, the stock will remain hovering around the RM2.70 to RM3 level.
Immediate support is seen at RM2.70, followed by RM2.50 level and immediate resistance is seen at RM3, followed by RM3.20.
FKLI
Slow Movement…
The index futures is expected to open a gap higher and trade around the 1560 level. Those who have initiated your position around the 1550 level, you can just hold on to your position. Nothing much to expect from the market as the upward movement will be in a slower pace with strong support is seen at 1532 level.
Immediate support is seen at 1550 level, followed by 1532 level and immediate resistance is seen at 1570 level, followed by 1600 level.
Testing Last 2 Barriers!
Overall technical landscape remains the same as the 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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