Last Done: RM4.89
I found this stock interesting as the stock showed a strong upward movement with increasing volume. Although the stock is deep into overbought territory but the upward trading seems will not exhaust, at least for now. Investors can accumulate position for short term trading with the stop loss level being placed around RM4.30 level and first profit taking level around RM5.50 level.
Immediate support is seen at RM4.30, followed by RM4 and immediate resistance is seen at RM5 level, followed by RM6.
FKLI
The FKLI is currently trading at its lower band of the range trading. Investors can just capture the range trading opportunity or accumulate long position when the index traded below 1550 level with stop loss level being placed 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.
Firmly above the Fibonacci Level of 38.2%!
Nothing has changed since yesterday as the FCPO still hovering around the 3270 level, however, one thing that is confirmed – the FCPO is firmly above the Fibonacci level of 38.2% and this should serve as a reliable support level, at least for now.
Investors who have initiated position previously should hold on to your long position with stop loss level being placed around 3220 level and those who have waited to initiate fresh position can accumulate long position if the 3270 level is being taken over convincingly (we should have the confirmation by the end of today) 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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