The Complexities of De-dollarisation - Photo by Karolina Grabowska on Pexels.com
The FBM KLCI ended above water, but the market undertone was jittery as selling by foreign funds remains evident.
“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.
Resistance levels are identified at RM0.405 (R1) and RM0.44 (R2). Support levels are pegged at RM0.37 (S1) and RM0.35 (S2).
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).
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