FBMKLCI
1487 Level Becomes Tough Resistance at the Moment…
Since the index dropped below the 1487 level, the index is facing with higher risk that 1487 level might be the immediate tough resistance level to be taken over for the near future. If this level unable to be taken over, the index will not able to create a convincing uptrend as high is not getting higher. Investors can closely monitor this level.
Immediate support is seen at 1471 level and immediate resistance is seen at 1487 level. There are a lot of investors are asking about Dialog, I will cover this stock tomorrow.
FKLI
Short Position In Favor…
Although the FKLI might experience some rebound today as overnight Dow closed in positive territory, investors can still look into initiating short position on any rebound as overall trend remain weak, especially the tough resistance for cash is at 1487 & 1500 levels.
Immediate support is seen at 1467 level, followed by 1445 level and immediate resistance is seen at 1481 level, followed by 1500 level.
FCPO
Range Trading…
The FCPO might resume its tight trading range within 3040 level to 3100 level until the 3125 level (SMA 20) is being taken over convincingly by the FCPO. Investors can remain intraday trading, else looking into initiate long position if the FCPO dropped near to 3036 level (Fibonacci level of 23.6%).
Immediate support is seen at 3040 level, followed by 3000 level and immediate resistance is seen at 3100 level, followed by 3122 level.
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