Last Done: RM4
Important support at RM4 level! Investors who are holding this stock need to take extra cautious as failure for this stock to hold above the RM4 level might drag the stock to trade further towards south, especially when the SMA 20 level is not well supported as well.
Immediate support is seen at RM4, followed by RM3.80 and immediate resistance is seen at RM4.05 level, followed by RM4.30.
FKLI
Further Consolidation…
Nothing much to cover as the FKLI resumes its tight range trading and garner the necessary power to break above the 1600 level. During this period of time, investors can just capture the range trading opportunity or accumulate long position when the index traded below 1550 level.
Immediate support is seen at 1550 level, followed by 1532 level and immediate resistance is seen at 1570 level, followed by 1600 level.
Closer…
The FCPO is trading closer to the recent high and taking over this level is important to avoid the triple top, if this level successfully being taken over, breaking above 3300 level is an easy job.
Investors who have initiated position previously should hold on to your long position with stop loss level being revised higher to 3220 level and those who have waited to initiate fresh position can accumulate long position if the 3270 level is being taken over convincingly with stop loss level being set around 3250 level.
Immediate support is seen at 3220 level, followed by 3200 level and immediate resistance is seen at 3270 level, followed by 3300 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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