Last Done: RM3.35
Those investors who owned this stock should take extra cautious as the stock is currently trading below its SMA 200 (RM3.55). As mentioned previously, if this stock is not managed to stay above the SMA 200, more downside is expected. The immediate strong and reliable support level is only being seen at RM3.00 level.
Immediate support is seen at RM3.25 level, followed by RM3 and immediate resistance is seen at RM3.60 level, followed by RM3.85 level.
FKLI
The FKLI is trading closer to 1600 level, nothing that investors can do but only to wait patiently. Once investors take your first level of profit around 1595 level, remaining position should ride on the uptrend, especially if the 1600 level being taken over convincingly.
The immediate support is seen at 1580 level, followed by 1575 level (SMA 20) and the immediate resistance is seen at 1600 level, followed by 1610 level.
Heading towards Next Tough Resistance Level – 3500!
Nothing much has changed since Monday as the FCPO is challenging the next tough resistance level – 3500 level. We shall revisit our strategy tomorrow once the FCPO approaching the 3500 level. Investors should remain to take your partial profit at current level.
The immediate support is seen at 3400 level, followed by 3350 level and immediate resistance is seen at 3500 level, followed by 3550 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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