Last Done: RM1.06
A lot of investors are asking me about this stock as the stock has suffered major and continuous retracement recently. From technical perspective, the stock is healthy at the moment, especially with the strong rebound experienced yesterday. Investors can hold on to your position with stop loss level being placed slightly below the RM1.00.
Immediate support is seen at RM1.00 level, followed by RM0.95 and immediate resistance is seen at RM1.22 level, followed by RM1.50 level.
FKLI
Immediate Support – 1600 Level!
The immediate support for FKLI is at 1600 level. This should be the level investors can take as a reference level. Investors can just revise your stop loss level higher to 1590 level.
Immediate support is seen at 1580 level (SMA 20), followed by 1560 level and the immediate resistance is seen at 1600 level, followed by 1610 level.
Important Reference Level – 3500!
Investors should closely monitor the above level and if this level is not able to be supported, the FCPO will fall back to the range that we are looking at (3350 – 3500 levels). Else, the 3500 level will become the immediate strong and reliable support level. We should revisit our strategy before the end of the week.
Immediate support is seen at 3500 level, followed by 3450 level and immediate resistance is seen at 3550 level, followed by 3600 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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