Last Done: RM7.76
Investors who are holding the stock should find the stock is facing a very tough resistance level at RM8.00 (Fibonacci level of 38.2%, SMA 200 & psychological level). Nothing much to expect from this stock if the above level is not being taken over convincingly.
Immediate support is seen at RM7.40 level, followed by RM7.00 and immediate resistance is seen at RM8.00 level, followed by RM8.50 level.
FKLI
Supporting Firmly Above the Uptrend Line…
Overall technical landscape never change as the index remains hovering around the 1580 level and supporting well above the uptrend line (in green).
Investors can take a risk and capture on the range by initiating long position at any level below 1580 with stop loss level being set around 1574 level.
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.
Within the Range of 3360 – 3500!
For the coming one week, investors should expect the FCPO to move within the range of 3360 to 3500 levels. For risk averse investors, any drop below 3400 level (especially below 3370) should serve as a good level to initiate long position.
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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