Despite profit take activity, off high but downside was limited on bargains. And mkt extended its uptrend tone by staying above 21SMA.
Fbm saw big gains in opening hours on CIMB. But, the index spent most of day consolidating plus minus 1310. Surprisingly, fkli was less upbeat than yesterday, not much of follow through, probably due to the premium.
With upside-bias tone, the next hurdle is 20+. If this clear, it will lead to the recent top range resistance. Then the mkt will to decide whether to create fresh rally or continue to stay within 1300-1340.
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