Last Done: RM3.60
Provided the stock able to take over the RM3.65 level, else, we will not see any strong upward movement. The only thing that investors can do at the moment is to wait patiently. Taking over the RM3.65 level will indicate more upside as well.
Immediate tough resistance is at RM3.90 level, followed by RM4.00 and immediate support is seen at RM3.40, followed by RM3.25.
FKLI
Eyeing 1600 Level!
Nothing has changed since yesterday. As mentioned, am still eyeing for the 1600 level as further upside is expected for the FKLI. 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), followed by 1600 level.
FCPO
Rebounding…
The FCPO seems is staging a rebound at the Fibonacci level of 50%, however, for a more firm and convince long position accumulation, we should wait until the FCPO to stay above the Fibonacci level of 50% (3365).
If this is happening, it is worthwhile to take a chance by initiating long position with stop loss level being set around 33400 level.
The immediate support is seen at 3350 level, followed by 3200 level and immediate resistance is seen at 3400 level, followed by 3500 level.
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