Trump wins the Presidential race - WIKI
Short-lived gains expected: The index faces stiff resistance at 1,570, with recovery likely tempered by profit-taking and foreign fund outflows.
Market drivers: Optimism over a compromise on Trump’s tariffs is fueling the recent recovery, following comments from Commerce Secretary Howard Lutnick.
Lower liners: May see continued bargain hunting as oversold stocks attract interest.
Investors are watching the EU and BNM interest rate decisions for further cues.
• Defensive stance: Investors may turn to safe-haven assets like gold amid uncertainty.
• Trade war beneficiaries: Companies benefiting from supply chain diversification remain attractive.
• Export-oriented players: Likely to gain from a stronger US Dollar.
• Indicators remain negative: MACD Line slipped below the Signal Line, and RSI is below 50.
• Immediate resistance: 1,600
• Support level: 1,550
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