Last Done: RM1.50
The stock is facing with its immediate tough resistance at current level (SMA 100 & Fibonacci level of 50%) and is expected to take time to leap above this level, thus, investors who are having the stock should think of taking your first level of profit at current level.
The immediate support is seen at RM1.45 level, followed by RM1.35 level and the immediate resistance is seen at RM1.50, followed by RM1.60 level.
FKLI
The FKLI is expected to resume its range trading of 1620 to 1650 levels. Nothing much that investor can do except to capture on the range trading (initiate long position when the FKLI approaches 1620 level and initiate short position when the FKLI approaches 1650 level). We will only revisit our strategy provided the above mentioned level being taken out convincingly.
Approaching Tough Resistance – 3160 Level!
The immediate tough resistance for the FCPO is located at the SMA 200 only (3165 level), thus, the FCPO is expected to trade within 3040 (Fibonacci level of 23.6%) to 3160 levels (SAM 200) for these few days. Investors can initiate long position around 3040 level with stop loss level being set around 3000 level.
The immediate support is seen at 3040 level, followed by 3000 level and immediate resistance is seen at 3100 level, followed by 3160 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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