Last Done: RM6.39
If this stock can stay above the recent high (RM6.40), investors can accumulate position for short term trading with stop loss level being set around RM6.20 and first profit taking level being set around RM6.70 level.
Immediate support is seen at RM6.20, followed by RM6.00 and immediate resistance is seen at RM6.75 level, followed by RM7.00.
FKLI
Nothing to cover for today as overall uptrend remains intact. However, we are expecting further consolidation to set in and the index is expected to hover around the 1570 – 1600 levels to create the necessary base for the index to break through the 1600 level.
For the week, immediate support is seen at 1567 level (SMA 20), followed by 1550 level and immediate resistance is seen at 1600 level, followed by 1630 level.
Heading towards 3500 Level!
So long as the FCPO can stay above the Fibonacci level of 50% (3360), the FCPO without much challenge will head towards the 3500 level. Investors can ride on this uptrend by holding on to your remaining position and revise the stop loss level higher to 3300.
For the week, immediate support is seen at 3300 level, followed by 3250 level and immediate resistance is seen at 3360 level, followed by 3400 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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