23rd November, Friday (Digi)

Digi

Last Done: RM4.77

Supported at SMA 100?

Will the stock able to stage a rebound at the important support level – SMA 100? The chances are very high as this is the support level for the past two years and the stock is trading near to oversold territory as well. For risk taker investors, investors can accumulate position at current level with stop loss being set around RM4.60 and first profit taking level around RM5.00. However, please remember that any position initiation should be for short term trading only.

The immediate support is seen at RM4.60 level, followed by RM4.30 level and the immediate resistance is seen at RM5.00 level, followed by RM5.40 level.

FKLI

Reliable Support – SMA 200!

As mentioned, the 1600 level (SMA 200 & psychological level) remains as a reliable support 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

Another Failed Attempt?

The FCPO yet to manage to take over the SMA 30, as mentioned, if SMA 30 is not able to be taken over convincingly, we should see the FCPO to trade within the band of 2250 to 2450. Provided the SMA 30 is being taken over convincingly, only we will see the FCPO to trade into the next range of 2450 to 2650 level.

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 2470 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.