The FBM KLCI ended above water, but the market undertone was jittery as selling by foreign funds remains evident.
Foreign disposal
“Though we noticed some early buying support, this evaporated as foreign disposal became more pronounced. As a result, we expect the index to hover within the 1,500-1,510 range today,” Rakuten Trade said.
Technical View: UNIQUE (0257)
Resistance levels are identified at RM0.405 (R1) and RM0.44 (R2). Support levels are pegged at RM0.37 (S1) and RM0.35 (S2).
Technical Play (US): NYSE: XOM
BUY with a potential upside of 11.6% together with positive indicators.
Resistance levels are identified at USD122.00 (R1) and USD126.50 (R2). Support levels are pegged at USD112.60 (S1) and USD105.10 (S2).
Leave a Reply
You must be logged in to post a comment.