Survives morning knee jerk selling in AM and takes upper band in PM as recovery continues across all asset after a selloff yesterday on Korean news. Regional mostly 1%.Fkli fails to sustain above 90 amid Europe/DJ late fall. DJ turns -10 from +50 while Europe flat from +0.5% in opening trades.
Technically, candle looks strong today, back above 1480 and sharply off lows thanks to a surprising big gap dw opening but both mkt remains dwtrend.. Bulls must fight for 1480 support this week. Otherwise, 1450-80 range next week. Upside looks tough this week unless GLC gives “face” value push ahead of Petronas Chemical listing on Fri.
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