10th September, Tuesday (TM)

TM

Last Done: RM5.40

The stock will need to trader above the SMA 200 (RM5.50) before any accumulation can set in. Else, the stock might resume its downward trading.

The immediate support is seen at RM5.00, followed by RM4.50 and the immediate resistance is seen at RM5.50, followed by RM6.00.

FKLI

Further Upside?

Shortist should not initiate short position at this moment as the index yet to show any turning sign. Although the overall uptrend is not strong, the upside is expected to resume. Investors who initiated long position previously can revise your stop loss higher to 1545 level. Any level near to 1800 will only give investors an opportunity to initiate short position.

The immediate support is seen at 1740 level, followed by 1730 level and the immediate resistance is seen at 1770 level, followed by 1780 level.

FCPO

Range Trading of 200 Points…

The FCPO is expected to trade within the range of 2380 to 2580 levels. Investors can initiate long position when the FCPO trades near to 2380 level and initiate short position when the FCPO approaches 2580 level.

The immediate support is seen at 2400 level, followed by 2380 level and the immediate resistance is seen at 2450 level, followed by 2500 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.