Generally weaker equity tone today amid a $2 decliine in crude oil price plus DJ futures pointing to a possible 2-day losing day, -40. But not a continuous drop though, profit take in early trade, quick rebound in between, and a late sell off following fbm 3p fall in preclosing stage, SIME/AXIATA. Earlier, MAYBANK led the mkt near 1300.Fkli’s first white candle in 7-day but overall, negative on chart outlook – below 21SMA It actually increases the risk of a test at 1280/30SMA. Immediate resistance is lowered to 1300 from 1310. So, trading sell remains if mkt stays below 1300 .
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