Wednesday 31 July 2013

1st August, Thursday (Tropicana)


Tropicana

Last Done: RM1.77

Important Support Level – SMA 100!

The immediate important support level is seen at SMA 100 (RM1.70), this level is reliable as both the SMA 100 & Fibonacci level of 61.8% are located. If this level is not able to be supported, the next reliable support level will be at RM1.50.
Any new accumulation can place your stop loss level around RM1.60. The immediate support is seen at RM1.70, followed by RM1.50 and the immediate resistance is seen at RM2.00, followed by RM2.20.


FKLI

Trading within the Range of 1755 – 1795 Levels!

The FKLI is expected to trade within the range of 1755 to 1795 level. Those who have shorted previously should consider to at least take your first level of profit around 1755. Any level near to 1750 should provide us with the opportunity to initiate long position but with tight stop loss level.
The immediate support is seen at 1750, followed by 1730 and the immediate resistance is seen at 1780 level, followed by 1800 level.


FCPO

Trading Above 2215 Level…

So long as this level can be convincingly taken over, more uptrend is expected. Long position will be preferred with stop loss level being placed around 2180 level.
The immediate support is seen at 2200 level, followed by 2150 level and the immediate resistance is seen at 2250 level, followed by 2280 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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