Last Done: RM7.05
The stock will need to take over the recent high (RM7.10) convincingly before any further upside can be set in. Overall uptrend remains intact with the immediate support is seen at RM6.70 level. Any new position initiation can take the above level as a reference level.
The immediate support level will be at RM7.00, followed by RM6.70 level and the immediate resistance is seen at RM7.10 level, followed by RM7.50 level.
Upside Trading Remains Intact…
The overall uptrend remains intact, albeit in a slower pace. However, the index is expected to hover around the 1650 level to 1665 level for today. The reliable support level has been revised higher to 1620 (from 1600 level) as both the uptrend line and SMA 100 level being located.
The immediate support is seen at 1655 level, followed by 1650 level and the immediate resistance is seen at 1670 level, followed by 1680 level.
FCPO
1st Level of Tough Resistance – 2600 Level!
The immediate first level of tough resistance is at 2600 (psychological level and SMA 20), taking over the above level will only send the FCPO to trade further higher towards 2900 level. Investors should closely monitor the above mentioned level.
The immediate support is seen at 2500 level, followed by 2450 level and the immediate resistance is seen at 2600 level, followed by strong resistance level at RM2700.
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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