Last Done: RM4.98
Overall technical landscape remains positive with the immediate resistance is seen at RM5, followed by recent high (RM5.18) and immediate support is seen at RM4.80 level, followed by RM4.50 level. Investors can hold on to your position and take SMA 20 as a stop loss level as this will be a reliable support level, failure for this level to be held will cause the stock price to trade further towards south.
FKLI
Another Opportunity…
Another opportunity as the FKLI again dropped towards the lower band of the range trading that we are eyeing at – 1550 level. This is giving another opportunity for investors to initiate long position for short term trading.
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.
This consolidation phase should be taken as a healthy consolidation as it will give the necessary foundation for the upcoming uptrend.
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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