Last Done: RM2.40
Basically, the stock is expected to hover around the RM2.25 to RM2.50 level. Provided the RM2.50 level (SMA 200) can be taken over convincingly, else, the stock will be stuck in the 25 cents of range trading. Once the RM2.50 level being taken out, the stock will be moving towards the historical high (RM3.20).
The immediate support is seen at RM2.25 level, followed by RM2.00 level and the immediate resistance is seen at RM2.50 level, followed by RM3.00 level.
FKLI
Upside Trading Remains Intact…
The overall uptrend remains intact, albeit in a slower pace. However, the index is expected to hover around the 1640 level to 1665 level for the week. The reliable support level has been revised higher to 1620 (from 1600 level) as both the uptrend line and SMA 100 level being located.
The immediate strong support is seen at 1640 level (SMA 20 & SMA 50), followed by 1630 level and the immediate resistance is seen at 1665 level, followed by 1680 level.
FCPO
Searching for Opportunity to Initiate Long Position…
Nothing has changed since yesterday, I am still in the view that if the FCPO managed to trade above the SMA 20 (2570 level), investors should take the opportunity to initiate long position with stop loss level being set around 2550 level. Long position will be more preferred at the moment.
The immediate support is seen at 2400 level, followed by 2350 level and the immediate resistance is seen at 2500 level, followed by 2550 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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