13th December, Thursday (MISC)

MISC

Last Done: RM4.19

Testing Tough Resistance – RM4.30 Level!

The stock is approaching its tough resistance again – SMA 100 (RM4.30). So long as the SMA 100 level can be taken over convincingly, we should see further upside for the stock. Else, nothing much can be expected except to accumulate position around RM4.00 level with mild profits to take into consideration.

The immediate support is seen at RM4.00, followed by RM3.80 and the immediate resistance is seen at RM4.30, followed by RM4.50 level.

FKLI

Re-Challenge Historical High!

We are still in the view that there is a chance that the index will retest its historical high by the end of the month as year-end window dressing is expected to set in. Thus, any weakness should still serve as a good level to initiate long position. At current level, we are expecting the index to hover around the 1650, at least for the remaining week to build the base before re-testing the historical high.

The immediate support is seen at 1630 level, followed by 1620 level and the immediate resistance is seen at 1650 level, followed by 1660 level.

FCPO

Approaching Important Support Level – 2215!

For risk taker investors, current level should give us a chance to take a risk by initiating long position with stop loss level being set around 2200.

I am still in the view that investors who have shorted the FCPO previously should consider to take your profit at current level! The 2215 level (recent low) remains a reliable support level, at least for now. It is worthwhile to take a risk and initiate long position.

The immediate support is seen at 2215 level, followed by 2180 level and the immediate resistance is seen at 2300 level, followed by 2350 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.