Last Done: RM1.48
Investors can have a look at this stock as the stock is showing some turning signal with the price breaks above the middle band with the widening in the upper and lower band. Any position initiation should be for short term with stop loss level being set around RM1.35 level and first profit taking level being set around RM1.70 level.
The immediate support is seen at RM1.35, followed by RM1.20 level and the immediate resistance is seen at RM1.70, followed by RM2.00 level.
As mentioned, provided the recent high can be taken over convincingly, else, we will see the index to hover within the 1600 to 1615 levels. We are ready to change our strategy so long as the above mentioned level is being taken over convincingly, else, at current level, short position remains preferred.
The immediate support is seen at 1600 level, followed by 1580 level and immediate resistance is seen at 1615 level, followed by 1630 level.
FCPO
Taking Over the Important Level – 3040!
As mentioned, so long as the above mentioned level can be taken over convincingly, more upside is expected. The next tough resistance is only located at the SMA 200 (3150 level). We shall see the FCPO to trade within the range of 3040 to 3150 level for the coming few days. Any fresh position initiation should take the above range as a reference level.
The immediate support is seen at 3040 level, followed by 3000 level and immediate resistance is seen at 3100 level, followed by 3150 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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