This might be the beginning of the downward pressure for the stock – dropping below the important support level (SMA 50). Investors who owned this stock should take extra cautious, especially if the RM10 level is not able to be supported.
Immediate support is seen at RM10 level, followed by RM9.75 level and immediate resistance is seen at RM10.48 level, followed by RM10.80 level.
FKLI
The index is on track, heading towards the historical high without much problem. Investors can just ride on this uptrend but should scale up and take profit when the index approaching the historical high.
Immediate support is seen at 1550 level, followed by 1536 level and immediate resistance is seen at 1570 level, followed by 1580 level.
Take the Chance to Accumulate Position at SMA 200 Level…
Investors, especially risk taker investors can take a chance to accumulate position if the FCPO traded near to the 3110 level (SMA 50 & SMA 200) with stop loss level being placed around 3090 level.
Immediate support is seen at 3120 level and immediate resistance is seen at 3200 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