14th August, Wednesday (CSL)

CSL

Last Done: RM0.27

A lot of the investors are asking about this stock. From technical perspective, the stock will need to take over the SMA 50 (RM0.30) for more uptrend to set in. SMA 50 is a level that never being taken over for the past 1 year, thus, taking over this level should indicate more upward trading moving forward. 

The immediate support is seen at RM0.25, followed by RM0.20 and the immediate resistance is seen at RM0.30, followed by RM0.35.

FKLI

High to Short…

I am still in the view that current level should give us an opportunity to initiate short position with stop loss level being set around 1815 level. 

The immediate support is seen at 1790 level, followed by 1780 level and the immediate resistance is seen at 1810 level, followed by 1820 level.

FCPO

Taking Over 2300 Level?

So long as this level can be convincingly taken over, more upward trading is expected. Long position will be preferred if the 2300 level can be taken over with stop loss level being placed around 2280 level. The next tough resistance will be at SMA 200 (2380 level).

The immediate support is seen at 2215 level, followed by 2200 level and the immediate resistance is seen at 2300 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.