As if disappointed with its performance yesterday, mkt came back with a vengeance and established a much needed fresh moves - up again.
Regional higher, led by HS on strong lending data , re-igniting hopes for recovery in the property sector.
Fbm posted strong gains today following a breakout above 1160. This technical breakout enticed more participations, especially since regional so strong.
Fkli, which was dangerously toppish for the last 2-days, borrowed fbm strength first before making is own run especially above 1170.
1200 seems certain this week – at least ONE attempt to satisfy mkt bull’s appetite. Very bullish if both mkt stays above 7SMA.
So, be can careful if you are trying to sell on strength for pullback –a bad strategy this month…on hindsight.
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