Last Done: RM6.81
Those investors who are having the stock, nothing much to expect at the moment provided the stock can leap above RM7.00 (SMA 200 & Fibonacci level of 38.2%). Staying above SMA 200 will only indicate further upside is expected, else, the stock will remain in range trading of RM6.50 to RM7.00.
Immediate tough resistance is at RM7.00 level, followed by RM7.40 and immediate support is seen at RM6.50, followed by RM6.00.
FKLI
Immediate Target – Regaining above SMA 20, 30 & 50 (1586 Level)!
Provided the above mentioned level can be taken over convincingly, else, we should see the FKLI to trade within the band of 1565 to 1585 levels.
I will remain my view that long position is more preferred at the moment. Any weakness for today should serve as another opportunity for us to initiate long position with stop loss level being set around 1565 level.
The immediate support is seen at 1560 level, followed by 1545 level (strong and reliable level) and the immediate resistance is seen at 1586 level (SMA 20, SMA 30 & SMA 50), followed by 1600 level.
Immediate Support – 3300 Level!
Chances seen! I am in the view that any level below 3300 level should serve as a level to accumulate long position with stop loss level being set around 3270. However, for risk averse investors, you may only want to accumulate long position at any level below 3250.
The immediate support is seen at 3300 level, followed by 3250 level and immediate resistance is seen at 3350 level, followed by 3400 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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