Fkli wrap....like fbm..aiming record high

MAYBANK provided the early momentum to clear 1520 hurdle, YTLPower takes over in PM pushing Fbm to record high lvl, +3 fbm point at one point. A bit of profit taking in the last hour. Finally, manages a closing above the previous record on CIMB, +0.10 or +2 fbm, preclosing stage play.

Like yesterday, fkli sluggish, premium-reluctant. While external weak, retails players remains skeptical on local bourse performance….still.

Technically, fbm registers a major bullish breakout scenario…while upside may be capped this week, a run towards 1600 is likely if it can maintains above 1520 by end of the week.

Above 1520, bullish, don’t sell.