House of Technical Idea (01/06/2016)
FBMKLCI 1626 (-3.87, -0.24%)
Support: 1600
Resistance: 1650, 1680, 1700
Market Overview:
KLCI to travel in sideway between 1600/1650. Should 1600 breaks, further downside should be in view. KLCI is trading below 200MA indicating the bears overpowering the bulls.
1)Stock Name: AZRB
Entry: Above RM0.720
Target: RM0.750/0.800
Stop: Below RM0.680
2)Stock Name: JCY
Entry: Above RM0.665
Target: RM0.80/0.90
Stop: Below RM0.645
MATA Technical Division
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