Cash suffered technical breakdown at 858.22/-11 that could see it falls to 835 as the next target unless it recaptures 870.FKLI longs now can only pray that the mkt will open firm on Tues.- at the mercy of DJ performance tonight and Mon. Some retails are upbeat on the announcement of mini budget on Tues, I heard RM40b. Even so, the mkt is unlikely to break above key resistance on this piece of news.
No major changes to FKLI chart outlook but must really watch out next week. Intra-day range bound trading (buy near support and sell near resistance) is only encourage within the top and bottom red-horizontal lines. Fresh leg-down towards 830 is seen if 856 breaks.
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