Last Done: RM6.07
The immediate support will be at RM6.00, followed by a reliable support of RM5.80. Investors can take the above mentioned level as a good reference level to place your stop loss or to take your profit. So long as the stock can sustain above the RM5.80 level, the uptrend is expected to resume.
The immediate support is seen at RM6.00, followed by RM5.80 and the immediate resistance is seen at RM6.50, followed by RM6.80 level.
FKLI
Tight Range Trading…
The FKLI has been trading within the range of 1720 – 1790 for the past 2.5 months, the recent breakout of 1790 might indicate further north side trading, especially with 5 days of candlestick trading above the 1790. Thus, this should attract us to be more conservative when initiating short position.
However, since the RSI is approaching 71, this might be an indication of the toppish for the FKLI. Any short position should only come in if the index retraced below 1800 level, else, investor will need to increase the stop loss level placed.
FCPO
Stay on Bay…
The FCPO for the 1st time traded below the important support level of 2200 level, a level that never being taken out for the past 4 years. However, there is no firm direction for us to conclude at the moment. Any intraday position initiation should take the 2200 as a reference level for placing stop loss.
The immediate support is seen at 2150 level, followed by 2100 level and the immediate resistance is seen at 2200 level, followed by 2250 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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