Regional mostly negative. HS/NK -3%. The rest off lows.DJ futs also turned positive in late afternoon. +30p.
Indeed, our mkt very resilient from the start and moved higher when others mkts recovered. Not too sure of any major news but if you are looking for explanation 1) catching up with other mkt after we performed badly last month 2) feel good factor from Najib on-going economic talk.
FKLI is few steps ahead of cash and in a breakout case first. Very dangerous to hold short position after today’s price action. The next stop is seen at 985 before 1K. While the cash must play catch up first, FKLI is seen safe from any breakdown scenario after moving away from 7SMA. Support is raised higher, see dw-arrow.
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