-weak external continues to drag fcpo lower. but light bargain hunting or short covering seen with price reaches major support lvl. Fcpo is on a 4-day-RM150 losing streak after recent 8-day-RM250 winning streak.
-technically looks bearish as SMAs now become resistance. Due for bounce but sentiment is negative with sell-on strength tone...so it requires strong external to provide some initial charge to avoid bearish crossing between SMAs to happen.
-to the high side, 2600 still a good bet this week. to the dwside, the last defence for bulls is 2500, is this goes, 100SMA is the next target - 2300++.
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