3rd September, Tuesday (UEMS)

UEMS

Last Done: RM2.47

The immediate resistance is seen at RM2.65 (SMA 200) and the overall trend remains downward trading. This is not the time to accumulate buying position and any rebound should serve as a good level to take your profit.

The immediate support is seen at RM2.20, followed by strong support is seen at RM2.00 level. The immediate resistance is seen at RM2.65, followed by strong resistance at RM3.00 level.

FKLI

Long Position Preferred…

As mentioned, long position can be initiated if the index successfully regains its posture above the 1700 level. However, any new position initiation should couple with tight stop loss level as the market is expected to remain in volatile trading environment.

The immediate support is seen at 1700 level, followed by 1680 level and the immediate resistance is seen at 1720 level, followed by 1730 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.