Fkli strong up reversal, posting huge gains as fbm return to 1300 on local fund buying ahead of Invest Malaysia/NEM policy on 30th. ??. External strength also give fkli bulls courage to build premium. Europe +0.7% in late Asian hours. Did not expect mkt turning positive so soon...not to mention with such big gains too. A buy mkt if above 1300.
Technically, the mkt is now in +ve zone and possibly setting a base for the next leg up towards 1340++. Trading range is revised from 1280-1300 to 1300-1340 taking a buy stance if mkt stays above 1300.
Technically, the mkt is now in +ve zone and possibly setting a base for the next leg up towards 1340++. Trading range is revised from 1280-1300 to 1300-1340 taking a buy stance if mkt stays above 1300.
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