Hv a nice weekend ahead… AND we will enjoy our trip in North…1st ever business trip that we are able to have time for ourselves... Charging ourselves ahead of next hectic weekend – South trip…:)
FBMKLCI
More Positive Ahead?
With the Dow taking over the 12000 level yesterday, will our FBMKLCI follow in tandem? Will this be the cue for our FBMKLCI to take over the important resistance level of 1500? Is current uptrend being confirmed? We shall have a detail analysis being covered in my next Monday report.
For today, we may see the index heading towards the 1487 level (Fibonacci level of 61.8%) with the immediate strong support is seen at 1450 level (SMA 20 & Fibonacci level of 50%).
FKLI
Remain Intraday Trading…
Immediate strong support is seen at 1445 level (SMA 20 & Fibonacci level of 50%). Immediate resistance for the day is seen at 1481 level, followed by 1489 level (SMA 100). Investors can take the above levels as a reference level for any fresh initiation of position for short term or intraday trading.
FCPO
Hovering Around SMA 50…
The FCPO remains hovering around the SMA 50 and further consolidation will resume without a clear direction being seen. Investors can remain taking the SMA 50 (2950) level as a reference level for any initiation of position. Provided the SMA 50 & the Fibonacci level of 23.6% (3040) are being taken over convincingly, else, a clear uptrend will not set in. Immediate support for the day is seen at 2950 level and immediate resistance is seen at 3000 level, followed by 3040 level.
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