2nd April, Tuesday (Supermax)

Supermax

Last Done: RM1.92

The stock is facing with its immediate tough resistance at RM2.00 level (SMA 200, Fibonacci level of 38.2% and the psychological level). Thus, investors who are having the stock should take extra cautious as this might be the starting of the downward trading.

The immediate support is seen at RM1.65, followed by RM1.50 and the immediate resistance is seen at RM2.00, followed by RM2.30 level.

FKLI

Short Position will be Preferred…

As the GE-13 is drawing nearer, I reiterate that short position will be preferred with the immediate reliable support is being seen at 1600 level only. Investors should look for opportunity to initiate short position instead of searching for opportunity to initiate long position. 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 1630 and the immediate resistance is seen at 1670, followed by 1680 level.

FCPO

Final Defend – 2325 Level!

Failure for this level to be supported will cause the FCPO to retrace another 100 points with the next reliable support is seen at 2200 level only. Any new position initiation can take these 2 levels as a reference. 

The immediate support is seen at 2325 level, followed by 2300 and the immediate resistance is seen at 2350 level, followed by 2400 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.