18th July, Thursday (Pantech)

Pantech

Last Done: RM1.09

The stock remains its uptrend posture and any new position initiation can set your stop loss around RM0.95 with first profit taking to be placed around RM1.25 level.

The immediate support is seen at RM1.00, followed by RM0.80 and the immediate resistance is seen at RM1.50, followed by RM1.80 level.

FKLI

Sell on Strength…

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.

Any rebound (especially above 1790) should give us an opportunity to initiate short position with stop loss level being set around 1805 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 1770 level, followed by 1750 level and the immediate resistance is seen at 1790 level, followed by 1800 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 2280 level, followed by 2300 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.