Hovering Around the Important Level – 13000!
The index is trying to sustain above the important level - 13000 level, so long as this level can be sustained, the index is expected to move further towards north. Investors can take this level as a reference level for our own market. Immediate support is seen at 12900, followed by 12800 and immediate resistance is seen at 13085 level, followed by 13100 level.
FKLI
Important Support – 1560 Level!
The FKLI will need to regain its posture above the SMA 50 (1579 level) 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. However, it is still at its early stage for us to make a firm decision, thus, we will monitor accordingly and waiting for opportunity to initiate fresh position.
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.
FCPO
Minor Downside Risk Increasing…
The downside risk is increasing at the moment, however, this pullback is expected to be minor with the reliable support level being seen at Fibonacci level of 50% (3350). Please be reminded that although the downside risk is increasing, it did not give us the opportunity to initiate short position as the overall trend remains uptrend.
The immediate support is seen at 3450 level, followed by 3400 level and immediate resistance is seen at 3505 level, followed by 3550 level.
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