Last Done: RM3.58
Investors who are holding this stock should take extra cautious at current level as the price is approaching the SMA 200 level (RM3.53). If this level is not able to be held, investors should without hesitation take profit and dispose your stocks.
Immediate support is seen at RM3.53 level, followed by RM3.40 level and immediate resistance is seen at RM3.90 level, followed by RM4.00 level.
FKLI
Nothing much has changed as the index remains its way towards 1600 level, albeit in a slower pace.
Investors can accumulate long position with stop loss level being set around the SMA 20 level (1567) and get ready to take first level of profit around 1595 level.
For the week, immediate support is seen at 1567 level (SMA 20), followed by 1550 level and immediate resistance is seen at 1600 level, followed by 1630 level.
Tough Resistance only being seen at 3500 Level!
The FCPO without much challenge should trade towards 3500 level, investors should resume holding on to your remaining position with stop loss level being set around 3350 level. The next tough resistance is seen at 3500 (both Fibonacci level of 61.8% and psychological level).
For the week, immediate support is seen at 3350 level, followed by 3300 level and immediate resistance is seen at 3400 level, followed by 3500 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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