JCY
Those who are having the stock, more upside are expected, especially if the stock is able to take over the recent high – RM1.50 level. Investors will need to monitor closely for the above level and any new position initiation should set you stop loss level around RM1.25 and first profit taking level at around RM1.80.
Immediate support is seen at RM1.26, followed by RM1.00 and immediate resistance is seen at RM1.50, followed by RM2.00 level.
FKLI
Cautious!
There are some obvious weaknesses (trading below the SMA 20, SMA 30 & the uptrend line) for the FKLI, thus, investors will need to take extra cautious as this may be the start of the downward trading that we are looking at. However, it is still in the early stage for us to make a firm conclusion, we will monitor accordingly and firmer conclusion can be made the earliest by the end of the week.
The FKLI will need to regain its posture above the SMA 50 as soon as possible to avoid the obvious downward pressure. If the above level is not able to be held, short position may be called.
The immediate support is seen at 1560 level, followed by 1550 level and the immediate resistance is seen at 1580 level, followed by 1590 level.
Testing the Important Level – 3500!
The FCPO is testing its important resistance level – 3500! If the FCPO successfully taking over the 3500 level, it should serve as a good level to initiate long position with stop loss level being set around 3470 level. This is a level that worthwhile to take a look.
The immediate support is seen at 3450 level, followed by 3400 level and immediate resistance is seen at 3505 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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