Kulim
Last Done: RM3.49
Not much to be expected from the stock as the stock is expected to hover within the tight range of RM3.30 to RM3.60 level (Fibonacci level of 78.6%). Provided the stock can take over RM3.60 level convincingly, else nothing much that investor can do.
The immediate support is seen at RM3.30, followed by RM3.00 and the immediate resistance is seen at RM3.60, followed by RM4.00 level.
FKLI
Searching for Opportunity to Sell…
The FKLI is expected to resume its range trading of 1750 to 1790 levels, any drop below/ above the range mentioned above might cause a strong trend towards respective direction.
Today rebound should give us an opportunity to initiate short position with stop loss level being set around 1795 level.
The FKLI might need to close the gap set after the GE13 (1720 – 1700) before any technical rebound can set in.
The immediate support is seen at 1760 level, followed by 1750 level and the immediate resistance is seen at 1770 level, followed by 1780 level.
FCPO
Opportunity to Initiate Long Position
The FCPO is expected to trade within the 200 points range - 2215 to 2415 level (SMA 200), provided either of these levels can be taken over, else, nothing much to be expected.
The FCPO not able to take over the SMA 200, this might attract more shortist as the next reliable support is seen at 2215 level only. The current level should serve as a good level to initiate long position with stop loss being set around 2190 level.
The immediate support is seen at 2215 level, followed by 2200 level and the immediate resistance is seen at 2250 level, followed by 2280 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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