Last Done: RM5.89
Let us look at this stock today as a lot of investors are asking about this stock. Basically, the overall uptrend remains intact with the immediate important support level is at current level (RM5.89), a level that has been well supported for the past one month. If this level is being taken over, the next reliable support level will be the Fibonacci level of 38.2% (RM5.30).
Immediate support is seen at RM5.88, followed by RM5.60 and immediate resistance is seen at RM6 level, followed by RM6.30.
FKLI
Heading towards 1600 Level!
We are still eyeing the FKLI to move towards the historical high, albeit in a slower pace. Any weakness should give investors the opportunity to accumulate long position with stop loss level being set around 1550 level.
Immediate support is seen at 1570 level, followed by 1550 level and immediate resistance is seen at 1580 level, followed by 1600 level.
Reliable Support at Fibonacci Level of 38.2%!
Nothing much has changed since the FCPO remains trading within the range that we are looking at (3250 – 3300 levels). Investors who have initiated long position previously should remain your stop loss level at 3250 level and the remaining position should run on this uptrend.
From technical point of view, further weakness is expected for the FCPO and the reliable support level only being seen at Fibonacci level of 38.2% & SMA 20 level (3218 – 3200).
Immediate support is seen at 3250 level, followed by 3220 level and immediate resistance is seen at 3300 level, followed by 3350 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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