Last Done: RM2.03
Immediate tough resistance is at current level as most of the SMAs are dropping along the RM2.00 – RM2.07 band. Provided RM2.07 level can be taken over convincingly, else, we will see the stock stuck within the above band or start to head towards south trading.
Immediate support is seen at RM2.00 level, followed by RM1.90 level and immediate resistance is seen at RM2.07 level, followed by RM2.20 level.
FKLI
Overall uptrend remains intact as the index is staying above the SMA 20 and the uptrend line (in green). Investors should closely monitor this level and take it as a reference level for any position initiation. For risk taker investors, this level serves as a level for accumulating long position with stop loss level being placed around 1560 level.
Immediate support is seen at 1573 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. Sustaining above this level should see the FCPO heading towards 3500 level.
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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