Last Done: RM5.29
Overall uptrend for the stock remains intact with immediate support is within the range of RM5.20 – RM5.00. Investors who have bought the stock previously can remain hold on to your position. Tough resistance is only being seen at RM5.75 level.
Immediate support is seen at RM5.20 level, followed by RM5.00 level and immediate resistance is seen at RM5.40 level, followed by RM5.75 level.
FKLI
Nothing has changed for the week as overall uptrend remains intact. The FKLI remains 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.
Trading within the Range of 3200 to 3362!
Since the FCPO has dropped below the Fibonacci level of 50%, this may indicate the FCPO would trade towards 3200 level and the FCPO will be trading within the next band – 3200 to 3362 levels.
SMA 20 level (3320) should serve as a level for risk taker investors to initiate long position for short term trading with stop loss level being set around 3295 level.
Immediate support is seen at 3300 level, followed by 3280 level and immediate resistance is seen at 3362 level, followed by 3400 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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