19th March, Tuesday (Perisai)

Perisai

Last Done: RM1.03

The immediate important support will be at RM1.00 (SMA 200, uptrend line and the psychological level), if this level is not able to be supported, more downside is expected to set in. Investors who are having the stock should think of cutting your losses/ taking your profit if the RM1.00 is not able to be supported.

The immediate support is seen at RM1.00 level, followed by RM0.80 level and the immediate resistance is seen at RM1.15 level, followed by RM1.25 level.

FKLI

Testing 1600 Level…

The index will re-test the important support – 1600 level, technically, this is considered a strong support level as this is a level that has been tested for more than 5 times but still manage to hold. However, ahead of the GE-13, 1600 level is expected to be taken out, is just a matter of time. Investors will need to bear in mind that fundamental should supersede technical analysis in this high political risk environment and short position should remain preferred.

The immediate support is seen at 1600 level, followed by 1590 and the immediate resistance is seen at 1630, followed by 1640 level.

FCPO

100 Points Range…

Nothing much has changed has the FCPO is expected to resume its tight range trading – 100 points (2375 to 2475 levels) with the immediate support at 2365 level.

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 2365 level, followed by 2350 and the immediate resistance is seen at 2400 level, followed by 2450 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.