12th March, Tuesday (MRCB)

MRCB

Last Done: RM1.41

The stock is facing with its immediate tough resistance at RM1.55 to RM1.65, provided the above level can be taken over, else, nothing much can be expected as the stock will be trading within the range of RM1.25 to RM1.55 levels.
The immediate support is seen at RM1.20, followed by RM1.00 and the immediate resistance is seen at RM1.65, followed by RM1.90 level.

FKLI

Closing the Gap Set in Mid of January?

There is a possibility that the FKLI will try to close its gap set in mid of January – 1680 level before any retracement will set in. The next range that we will be expecting is within 1650 to 1680 level.
Short position remains preferred as the risk of holding long position is very high in current high political risk environment. 
The immediate support is seen at 1650 level, followed by 1640 and the immediate resistance is seen at 1670, followed by 1680 level.

FCPO

Approaching SMA 20 & Downtrend Line…

The FCPO is approaching its immediate tough resistance – 2475, this may cause the 200 points of trading range to narrow further to 100 points (2375 to 2475 levels). If the 2475 level can be taken over, the FCPO will resume its 200 points trading range (2400 to 2600).
The immediate support is seen at 2400 level, followed by 2350 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.