Last Done: RM1.12
The recent correction should be taken as a healthy correction with immediate important support is at RM1.00. As long as this level able to be supported, investors can hold on to your position.
Immediate support is seen at RM1.00, followed by RM0.90 and immediate resistance is seen at RM1.22 level, followed by RM1.50.
FKLI
Nothing much to cover as the FKLI resumes its consolidation phase and heading towards the 1600 level. During this period of time, investors can just capture the range trading opportunity or accumulate long position when the index traded below 1550 level.
For the week, immediate support is seen at 1550 level, followed by 1532 level and immediate resistance is seen at 1570 level, followed by 1600 level.
Consolidating…
Nothing has changed as the FCPO still hovering around the 3270 level. Investors who have initiated position previously should hold on to your long position with stop loss level being placed around 3220 level and those who have waited to initiate fresh position can take a risk and accumulate long position at this level with stop loss level being set around 3250 level.
For the week, immediate support is seen at 3220 level, followed by 3200 level and immediate resistance is seen at 3300 level, followed by 3350 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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