Last Done: RM5.92
A lot of investors are asking about this stock, those who are having the stocks, you can still ride on this uptrend as the stock yet to show any weakness. However, for those who want to initiate new position, you may need to wait till the stock manage to take over the RM6.00 level convincingly before any position can be accumulated.
The immediate support is seen at RM5.80, followed by RM5.50 level and the immediate resistance is seen at RM6.00, followed by RM6.50 level.
FKLI
Although the downside risk is increasing, the long term uptrend remains intact and the retracement is expected to be minor. The index is expected to support above 1580 level ahead of the FGVH’s listing.
Thus, for those who have shorted the index may want to take your first level of profit around current level.
The immediate support is seen at 1580 level, followed by 1575 level and immediate resistance is seen at 1600 level, followed by 1610 level.
FCPO
Challenging 3040 Level!
Again, the FCPO is going to re-challenge the 3040 level. As mentioned, provided the FCPO can regain its posture above the 3040 level (Fibonacci level of 23.6%), then the rebound will be firmer, else, it is still being perceived as a technical rebound only and the FCPO will be trading within the range of 2850 to 3040 levels.
For risk taker investors, investors can initiate short position with stop loss level being set around 3060 level.
The immediate support is seen at 2950 level, followed by 2900 level and immediate resistance is seen at 3050 level, followed by 3100 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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