6th August, Tuesday (Digi)

Digi

Last Done: RM4.66

Investors can have a closer monitoring of the stock as the stock is approaching the end of the range trading. This might be the stock to look at it, especially when the stock trading above the Bollinger middle band coupled with the widening of the upper and lower band.

The immediate support is seen at RM4.50, followed by RM4.30 and the immediate resistance is seen at RM5.00, followed by RM5.50.

FKLI

Range Trading of 1755 to 1795 Levels…

Nothing has changed since yesterday as the FKLI is expected to trade within the range of 1755 to 1795 level. Any level above 1795 should give us an opportunity to initiate short position with stop loss level being set around 1805 level. Not much to be expected in tandem with the long raya holiday.

The immediate support is seen at 1780, followed by 1760 and the immediate resistance is seen at 1790 level, followed by 1800 level.

FCPO

Building Base around 2215 Level…

So long as this level can be convincingly taken over, more upward trading is expected. Long position will be preferred with stop loss level being placed around 2190 level. The FCPO is expected to hover around current level ahead of the long weekend.

The immediate support is seen at 2215 level, followed by 2200 level and the immediate resistance is seen at 2250 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.