Generally weaker tone, regional lower as DJ gains were within expectations. Profit take is the theme. But fbm managed to secure small gains on TENAGA surge while fkli took incentive from Europe +0.7% to stay flat in late afternoon after an early selloff.Daily candle looks “out of steam” but overall chart outlook remains +ve, if above > 40. Immediate support is raised to 40, Below 40, is trading sell for a possible 10-15 points pullback.
The mkt needs to make some adjustment to encourage long term buyers.
No comments:
Post a Comment