DJIA
Sustaining at Important Level – 13000!
13000 level – remains as a reliable support level as both the SMA 200 & psychological level located. As mentioned, so long as this level is able to be supported, more upside is expected with the tough resistance is seen at 13600 level only. We should see the DJIA to move towards the 13600 level and re-challenge the historical high of 14200 level.
For the week, the immediate support remains at 13000 level and the immediate resistance is seen at 13300 level, followed by 13500 level.
FKLI
Immediate Tough Resistance – 1700 Level!
The immediate tough resistance for the FKLI is located at 1700 level, thus, investors who are holding long position should consider taking your first level of profit around current level. The downside risk is high at the moment with a lot of technical indicators reaching its peak, however, no major retracement is expected with the immediate support is seen at 1650 level.
For the remaining of the week, the immediate support is seen at 1660 level, followed by 1650 level and the immediate resistance is seen at 1680 level, followed by 1690 level.
FCPO
Range of 2300 to 2600 Level!
The FCPO is expected to hover around the 300 points mentioned above. Provided the 2600 level (SMA 100) can be taken over convincingly, only we should see the FCPO to re-challenge the 2900 level (SMA 200).
For the remaining of the week, not much to be expected as the FCPO will be remained in the range of 2600 to 2300 level.
The immediate support is seen at 2400 level, followed by 2350 level and the immediate resistance is seen at 2500 level, followed by 2600 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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