A strong DJ futs and regional mixed tone offset DJ Fri losses effect. Fkli continued to strengthen on the back of bullish fbm – CIMB rose on earnings expectations, +3 index point, following MAYBANK feel good factor.
However, fkli was cautious above 1400 today – cut loss buying vs. short term bears selling -before a late push to day's high after fbm 4p jump in preclosng phase.
Expectation of a correction was raised last Thu but yet today’s action actually up the game towards 1400-20. Immediate support is raised to 1400 but above 95, mkt is still bullish, trading buy with tight stop.
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