Last Done: RM4.13
Let us look at Digi as a lot of investors are having the stock and requested some opinion on the stock. For those investors who bought the stock, overall uptrend remains intact with the reliable support level is seen at RM4.00. From technical point of view, further upside is expected, especially with the widening in the Bollinger upper and lower band.
Immediate support is seen at RM4, followed by RM3.70 and immediate resistance is seen at RM4.30, followed by RM4.50 level.
FKLI
Extra Cautious…
Changing of strategy after the index reached the target that we are looking at - 1600 level. From now onwards, I am advising investors who have initiated long position previously should at least take your first level of profit at current level as the overall technical landscape is not that convincing. Further accumulation of long position can set in in the later stage as expecting some minor pullback before the index able to stay firmly above the 1600 level.
Immediate support is seen at 1570 level, followed by 1550 level and immediate resistance is seen at 1600 level, followed by 1630 level.
Eyeing at 3218 Level!
Today’s retracement should give us another opportunity to profit from the market, especially if the FCPO dropped below/ near to the 3218 level. It is worthwhile to take this risk and initiate long position with the stop loss level being set around 3195 level and first profit taking level being set around 3245 level.
Immediate support is seen at 3220 level, followed by 3200 level and immediate resistance is seen at 3250 level, followed by 3300 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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