Last Done: RM1.45
This stock made an obvious breakout last Friday, taking over those important levels (Fibonacci level of 38.2% & SMA 20) with increased in the volume as well. Investors can take this opportunity to accumulate this stock for short term trading with stop loss level being placed around RM1.37 level and first profit taking level at around RM1.60 level.
Immediate support is seen at RM1.37 level, followed by RM1.30 level and immediate resistance is seen at RM1.50, followed by RM1.61 level.
FKLI
As mentioned, provided both the FKLI and the cash can take over the 1535 level, else, the index will remain its tight range trading with immediate support is seen at 1520 level (SMA 20) and immediate resistance remains at 1532 – 1535 levels.
Investors can only remain intraday trading by capturing the range trading opportunity. For the week, the immediate support is seen at 1519 level, followed by 1510 level and immediate resistance is seen at 1532 level, followed by 1550 level.
FCPO
Important Support Level – SMA 50 & SMA 200!
Crucial moment as the FCPO is approaching its 2 immediate important support levels – SMA 50 (3132) & SMA 200 (3119). Sustaining above this level will indicate the uptrend remains intact. For risk taker investors, investors can take a chance by initiating long position at this level with stop loss level being set around 3100 level.
Immediate support for the week is seen at 3130 level, followed by 3119 level (SMA 200) and immediate resistance is seen at 3150 level, followed by 3170 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.
No comments:
Post a Comment