Last Done: RM2.86
Immediate Tough Resistance – RM3.00!
Not much to be expected for the stock, at least for the remaining of this month as the stock is facing with its immediate resistance at RM3.00. Overall uptrend remains intact but the stock is expected to remain in the range trading of RM2.70 to RM3.00. Provided the RM3.00 level can be taken out convincingly, else, the stock will continue to trade within the above mentioned range.
The immediate support is seen at RM2.50 level, followed by RM2.20 level and the immediate resistance is seen at RM3.00 level, followed by RM3.20 level.
FKLI
Reliable Support – SMA 200!
Since the FKLI is convincingly taking over the SMA 100 level, it comes to the next reliable support level that we are eyeing thus far – 1600 level (SMA 200 & psychological level).
Not much that investors can do at the current level except to wait until the index drop near to/ below the 1600 level and start to accumulate long position.
The immediate support is seen at 1610 level, followed by 1600 level and the immediate resistance is seen at 1625 level, followed by 1636 level.
FCPO
Approaching SMA 30…
The FCPO currently is approaching its SMA 30 (2458) and will this level being taken over? It is too early at this moment to know, however, we can divide the current trading to 2 bands (2250 to 2450 & 2450 to 2650). Above mentioned bands can be taken as a good reference level for any position initiation with tight stop loss being placed around the mentioned level.
The immediate support is seen at 2430 level, followed by 2400 level and the immediate resistance is seen at 2460 level, followed by 2500 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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