27th November, Tuesday (tM)

TM

Last Done: RM5.34

The stock is approaching its important support at the current level (SMA 200 & Fibonacci level of 78.6%). Provided this level can be supported, else, we should see the stock to retrace further towards RM4.55 (Fibonacci level of 61.8%). Investors who are holding the stock should closely monitor the above mentioned level.

The immediate support is seen at RM5.00, followed by RM4.55 level and the immediate resistance is seen at RM6.00, followed by RM6.40 level.

FKLI

Approaching the Level We are Looking at – 1600!

As mentioned, the 1600 level (SMA 200 & psychological level) remains as a reliable support level. Investors can take a risk by initiating long position as this risk is worthwhile to take with stop loss level being placed around 1590 level.

The immediate support is seen at 1600 level, followed by 1580 level and the immediate resistance is seen at 1620 level, followed by 1630 level.

FCPO

Range Trading – 2250 to 2450 Levels!

Since another failed attempt, 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 (2460) 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 (initiate short position when the FCPO approaching 2450 level; accumulate long position when the FCPO approaching 2250 level).

The immediate support is seen at 2400 level, followed by 2350 level and the immediate resistance is seen at 2450 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.