Last Done: RM0.445
Investors who are holding this stock should take the SMA 20 as the immediate support level, failure for this level to hold will cause the stock to retrace further towards RM0.42 level. This round of correction is a healthy correction and if the stock managed to support above the SMA 20, it might give the necessary support towards the stock and create the necessary opportunity for investors to accumulate position for short term trading.
Immediate support is seen at RM0.44, followed by RM0.42 and immediate resistance is seen at RM0.47 level, followed by RM0.50.
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.
Waiting Patiently…
Nothing has changed since yesterday as the FCPO still hovering around the 3270 level. 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 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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