13th March, Wednesday (OSK)

OSK

Last Done: RM1.49

The stock just took over the SMA 200 (RM1.45) and this will become the immediate important support. This support will be a reliable support level as both the SMA 200 and the Fibonacci level of 23.6% are located.

The immediate support is seen at RM1.45, followed by RM1.25 and the immediate resistance is seen at RM1.60, followed by RM1.80 level.

FKLI

Resume Hovering around 1650 Level?

The FKLI seems resuming to hover around the 1650 level. If the FKLI can stay above the 1660 level, there is a possibility that the FKLI will try to close its gap set in mid of January – 1680 level before any retracement will set in.

Short position remains preferred as the risk of holding long position is very high in current high political risk environment.

The immediate support is seen at 1650 level, followed by 1640 and the immediate resistance is seen at 1670, followed by 1680 level.

FCPO

Hovering around 2400 Level…

Not much to be expected as the FCPO is expected to resume its tight range trading – 100 points (2375 to 2475 levels).

Provided the 2475 level can be taken over, then only we will see the FCPO to resume its 200 points trading range (2400 to 2600).

The immediate support is seen at 2400 level, followed by 2350 and the immediate resistance is seen at 2450 level, followed by 2500 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.