BIMB
Immediate challenge – RM2.47! Those investors who are having the stock will need to wait patiently for the stock to take over the RM2.47 level as this level is formidable at the moment. If the stock unable to sustain above the RM2.35 level, investors will need to take extra cautious as the stock may suffer a double top situation.
Else, breaking through the tough resistance level of RM2.47 will see more upside moving forward. Thus, investors will need to closely monitor the current development for the stock.
Immediate support is seen at RM2.35, followed by RM2.00 and immediate resistance is seen at RM2.47, followed by RM2.80.
FKLI
Immediate important and strong support level is seen at the SMA 30 (1584 level). I will remain my view that any retracement towards SMA 30 level should give investors the opportunity to accumulate long position with stop loss level being set around 1578 level.
The immediate support is seen at 1584 level (SMA 30), followed by 1570 level (SMA 50) and the immediate resistance is seen at 1600 level, followed by 1610 level.
Immediate Task – Regaining Above 3500 Level!
We are still in the view that 3500 level should serve as a good and reliable support level (Fibonacci level of 61.8% and psychological level), thus, for risk taker investors, any level below 3500 should serve as a good level to accumulate long position with stop loss level being set around 3470 level.
The immediate support is seen at 3485 level (SMA 20), followed by 3450 level and immediate resistance is seen at 3500 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.
No comments:
Post a Comment