Poor day, strong closing. Despite favorable externals, Fbm trades mostly in -ve zone and under 90 for the day in weak tone b4 a last 5-min recovery push it back up near 90. Then, it settles in +ve zone and day’s high following a 5p jump on preclosing phase. EPF boleh!!!How convenient!!!
Regional near +1%, DJfuts +10. EU +0.3%.
Like yesterday, fkli suffers from fbm spillover weakness but manages to recover back above 90 thanks to fbm “closing show”. Therefore, it remains bullish for next week. Above 7SMA , is 1600 breakout target.
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