-another bearish day. Selling emerged in the PM session, believed to be kwailow in nature. Big selling in the span of 20 mins pushed fkli below 1240, creating more technical selling along the way. While regional managed to recover from lows, HS -115 from -200, our mkt seemed lack of buyers and stuck at the low end. Both now down about 6% from the peak, hit just 2 weeks ago. Naik bukit susah payah, turun bukit mcm tak ada brake! ( once my client says..)
-even firmer tone after 4pm on Europe near +1% rebound and DJ futs +40 failed to sustain momentum amid sell on rebound tone in the last 15 mins.
-pre CNY selling post CNY rally ? neh...post CNY steady at best. So far no sign on positve technical outlook ( SMAs line still falling) and now with 1240 support broken...damn
-immediate resistance lowered ot 1250. At mom, most likely 1220-1260 range this week.
No comments:
Post a Comment