Last Done: RM1.75
Immediate Support – RM1.75
The stock is having its immediate support at current level (RM1.75), Fibonacci level of 23.6%. For risk taker investors, this may attract us to accumulate small position for short term trading with first profit taking level being set around RM1.90 level and stop loss level being set around RM1.55 level.
The immediate support is seen at RM1.70 level, followed by RM1.50 level and the immediate resistance is seen at RM1.90, followed by RM2.00 level.
FKLI
SMA 20 remains the important support for the FKLI, especially when it staged a rebound at the mentioned level yesterday. Overall mid to long term uptrend remains intact, thus, any short position should be for short term trading.
Not much to expect from the market as the index will trade in a tight range trading (within 1620 to 1650 levels), investors can take the above levels as a reference level for any fresh position initiation (initiate long position when the FKLI approaches 1620 level and initiate short position when the FKLI approaches 1650 level).
FCPO
Immediate Resistance – 3040 Level!
We shall see some technical rebound to set in and the FCPO will at least move towards 3000 level. However, this rebound can be short live and investors will need to take extra cautious. 3040 level remains formidable at the moment, thus, we should expect the FCPO to trade within 2850 level to 3050 levels.
The immediate support is seen at 2850 level, followed by 2750 level and immediate resistance is seen at 3000 level, followed by 3040 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.
No comments:
Post a Comment