Hv a nice weekend!
FBMKLCI
Sideway Trading…
Ahead of the weekend, not much to be covered as the index remains in the range that we are monitoring. The index is consolidating its position after recent sharp upward movement. Immediate support remains at 1420 level and the immediate resistance remains at 1453 level. I shall cover Latexx stock next Monday if the stock remains worthwhile for us to have a look at it.
FKLI
Immediate Resistance – 1445 Level!
The immediate resistance for the FKLI remains at the Fibonnaci level of 50% - 1445 level. This level needs to be taken over before any further upward movement can set in. Is difficult for investors to hold for long term trading as the market is not showing a clear direction at the moment since the futures is in consolidation phase. Immediate support is seen at 1410 level and the immediate resistance is seen at 1445 level.
FCPO
Range Trading
The FCPO continues its tight range trading and hovering around the 2850 level. We shall see the same movement for today. The FCPO will need to take over 2920 level convincingly before further uptrend can resume, else, the FCPO will be trading within the band of 2750 to 2900 levels. Immediate support is seen at 2820 level and the immediate resistance is seen at 2900 level.
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