The FBM KLCI showed signs of recovery, ending higher after two days of sell-off due to bargain-hunting activities.

Upward momentum

Positive EMA crossover signals and support from local institutions indicate potential for continued upward momentum. The index is expected to trade between 1,625–1,635 today.

Technical View

SUNCON (5263):

• Entry Level: RM5.00–RM5.14

• Resistance Levels:

• R1: RM5.40

• R2: RM5.70

• Support Levels:

• S1: RM4.70

• S2: RM4.55

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