Last Done: RM5.02
Immediate Support – RM5.00!
The immediate support for the stock is at RM5.00, thus, any position accumulation should take this as a reference level. There are some technical indicators showing more positive move for the stock in the near future, however, still bear in mind that all position holding should be looking at short term.
The immediate support is seen at RM5.00 level and the immediate resistance is seen at RM5.50 level, followed by RM6.00 level.
The index is expected to resume its range trading of 1620 to 1655 levels, at least for these 2 days. Thus, any position initiation should take the above range as a reference level (initiate short position when the FKLI trades near to 1655 level and initiate long position if the FKLI dropped to 1620 level).
The immediate support is seen at 1620 level, followed by 1600 level and the immediate resistance is seen at 1640 level, followed by 1655 level.
Important Support – 2825 Level!
As per mentioned, the immediate downside target will be at 2825 level, thus, any drop near to/ below this level should serve as an opportunity to initiate long position with stop loss level being set around 20 points lower. First profit taking level should be set around 2945 level.
The immediate support is seen at 2825 level, followed by 2800 level and immediate resistance is seen at 2900 level, followed by 2925 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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