15th March, Friday (WCT)

WCT

Last Done: RM2.33

The stock is facing with its immediate resistance at RM2.40 to RM2.45 levels, however, not much to be expected as the stock will trade within the tight range of RM2.20 to RM2.45 levels. Provided the stock can leap above the RM2.45, more upside is expected.

The immediate support is seen at RM2.20, followed by RM2.00 and the immediate resistance is seen at RM2.40 level, followed by RM2.80 level.

FKLI

Immediate Support – SMA 200 (1630)!

Nothing has changed since yesterday, technically, the immediate support is seen at SMA 200 level as this is a reliable support level, at least for now. However, fundamental should supersede technical analysis and 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 1630 level, followed by 1620 and the immediate resistance is seen at 1640, followed by 1650 level.

FCPO

Immediate Support – 2365 Level!

Not much to be expected as the FCPO is expected to resume its tight range trading – 100 points (2375 to 2475 levels) with the immediate support at 2365 level.

Provided the 2475 level can be taken over, then only we will see the FCPO to resume its 200 points trading range (2400 to 2600).

The immediate support is seen at 2350 level, followed by 2320 and the immediate resistance is seen at 2400 level, followed by 2450 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.