Petronas Chemical
Last Done: RM6.72
Investors who are holding the stock should closely monitor the current level (RM6.70), if this level is not being supported, the next reliable support level is only being seen at RM6.50. Overall technical landscape remains healthy and further downtrend is expected to be minor (if any).
Immediate support is seen at RM6.70 level (Fibonacci level of 61.8%), followed by RM6.50 (SMA 100) and immediate resistance is seen at RM7.00 level, followed by RM7.10 level.
FKLI
Overall Uptrend Remains Intact!
Overall uptrend remains intact so long as the index is supporting above the uptrend line (green line). The immediate reliable support level is seen at 1580 level and this level should serve as a good level for those risk taker investors to take a risk and initiate long position with stop loss level being set around 1565 level.
Immediate support is seen at 1583 level (SMA 20), followed by 1565 level (SMA 50) and the immediate resistance is seen at 1600 level, followed by 1610 level.
FCPO
Supporting Above the 3500 Level!
Further uptrend is expected, however, the gap opening suffered at the beginning of the week coupled with the widening between the FCPO and the moving average is attracting our attention. The FCPO might experience some minor but healthy retracement before further uptrend can set in. Investors are being encouraged to take profit and stay at the bay for further action.
Immediate support is seen at 3500 level, followed by 3450 level and immediate resistance is seen at 3600 level, followed by 3650 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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