While regional mixed and mostly softer tone, fbm benefited from plantation stocks gains amid higher cpo price outlook by analyst. STI also very strong today. The mkt reversed yest's -ve and hit new ground on technical buying, encouraged by strong fbm.
Despite slow start, sentiment turned bullish after breaking 25 resistance and later 30 in PM session.
For the past 3 session, sellers whom antipating profit take pullback have to cutloss at the end as bulls were to too powerful. Nearing to closing 1314.5-1348 gap. Immediate support is raised to 1328. Fbm tone is very bullish if above 25.
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