Last Done: RM4.30
Overall technical landscape shows that the stock is heading towards south, especially if the stock not able to regain its posture above the RM4.35 level. However, this level is considered as a tough resistance level as both the SMA 20 & Fibonacci level of 78.6% dropped at this level. Investors who bought the stock previously should scale down and take profit.
Immediate support is seen at RM4.00 level, followed by RM3.90 level and immediate resistance is seen at RM4.35 level, followed by RM4.70 level.
FKLI
So long as the above level is well defended, the overall uptrend remains intact as the index is staying above the SMA 20 and the uptrend line (in green). Investors should closely monitor on this level and take it as a reference level for any position initiation. However, investors should not hold too large a position overnight as more volatile market is expected.
Immediate support is seen at 1570 level (SMA 20), followed by 1550 level and immediate resistance is seen at 1600 level, followed by 1630 level.
Immediate Support – 3362 Level!
Immediate important support level is seen at 3362 level (Fibonacci level of 50%) and this should be the reference level for investors to initiate fresh position. Dropping below this level will indicate the FCPO might trade towards 3000 level and the FCPO will be trading within the next band – 3200 to 3362 levels.
Immediate support is seen at 3362 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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