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Immediate Resistance – SMA 200!
A lot of the investors are asking about the prospect of this stock. Basically, the uptrend remains intact at the moment with the low is getting higher. At this juncture, the stock is facing with its tough resistance level at RM8.51 level (SMA 200), provided this level is being taken over convincingly, else, we are not expecting much movement from the stock.
Immediate support is seen at RM8.30, followed by RM8 level and immediate resistance is seen at RM8.51, followed by RM9.
FKLI
Nothing much to cover on the trend as the overall technical landscape did not change since the index taken over the Fibonacci level of 1532. We will expect the index to head towards 1600 level, albeit in a slower pace.
Immediate support is seen at 1550 level, followed by 1532 level and immediate resistance is seen at 1570 level, followed by 1600 level.
Heading towards 3200 & Fibonacci Level of 38.2%!
The FCPO again moves towards the 3200 level and the Fibonacci level of 38.2% (3220). Provided the above two levels can be taken over convincingly, else, we are expecting the market to resume its tight range trading. Investors can remain hold on to your long position with stop loss level being revised upward to 3120 level.
Immediate support is seen at 3150 level, followed by 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.
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