26th September, Wednesday (kulim)

Kulim

Last Done: RM4.73

The stock will need to regain its posture above the SMA 100 (RM4.80) to avoid the stock moving into mid to long term downward trading, worst if the immediate important support level – SMA 200 is not able to be held. Investors who are having the stock should closely monitor the above mentioned level.

The immediate support is seen at RM4.50, followed by RM4.00 and the immediate resistance is seen at RM4.80, followed by RM5.00.

FKLI

Reliable Support – 1600 Level!

We are still in the view that the 1600 will be a reliable support level, at least for now. This should serve as a good reference level for any new position initiation and cut loss level. The 1600 is considered as a strong support level as it is the psychological level, the uptrend line (green line) and the SMA 100 level.

Thus, any drop near to 1600 level is worthwhile for investors to take a risk and initiate long position with stop loss level being set around 1590, especially ahead of the budget announcement.

The immediate support is seen at 1600 level, followed by 1580 level and the immediate resistance is seen at 1620 level, followed by 1640 level.

FCPO

So Near…

As mentioned yesterday, the FCPO will need to regain its posture above the 2670 level, else, we might see the free fall for the FCPO and the more reliable support levels are only being seen at 2470 level, followed by 2270 level.

Today will be an important day as the FCPO only closed marginally lower (yesterday). Overall trend remains downward trading, thus, any long position (for risk taker investors) should couple with tight stop loss point.

The immediate support is seen at 2600 level, followed by 2550 level and the immediate resistance is seen at 2700, followed by 2750 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.