Last Done: RM3.95
For those investors who are holding this stock, overall uptrend remains intact with the immediate tough resistance is seen at RM4 – RM4.10 level. Taking over these levels convincingly will only see the stock move further towards north, else, we should expect the market to resume its tight range trading (RM3.80 – RM4).
Immediate support is seen at RM3.70, followed by RM3.55 level and immediate resistance is seen at RM4.10, followed by RM4.60.
FKLI
1532 Level – Reliable Support Level!
Boring session is expected to resume with the index trading within the 1550 level to 1560 level. However, a reliable support level is seen at 1532 level (SMA 20 & Fibonacci level of 78.6%). Thus, if there is any chance that the index moves towards/ near to this level, investors can just take a risk and initiate long position.
For today, any level below 1550 level should serve as a good level to initiate a long position with stop loss level being set around 1540 level.
Immediate support is seen at 1550 level, followed by 1532 level and immediate resistance is seen at 1570 level, followed by 1600 level.
Last 2 Barriers!
What are the last 2 barriers for the FCPO? Immediate 2 resistances will be at the Fibonacci level of 38.2% (3218 level) and the recent high (3270 level). If these 2 levels can be taken over convincingly, the overall uptrend will be firmer.
Investors can remain hold on to your long position with stop loss level being revised upward to 3150 level.
Immediate support is seen at 3180 level, followed by 3150 level and immediate resistance is seen at 3217 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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