The FBM KLCI slipped slightly, closing just above the 1,630 level, as the market digested a near 30-point rally since last Friday.
According to Rakuten Trade, this pullback is seen as temporary, with market valuations suggesting room for recovery.
Malaysian equities remain reasonably priced, providing a supportive backdrop for a rebound. For today, the benchmark index is expected to trade within the 1,630-1,640 range.
Rakuten Trade highlights FEYTECH as a potential trade opportunity, with an entry level between RM0.78 and RM0.815. Key resistance levels are set at RM0.855 (R1) and RM0.92 (R2), while support levels are pegged at RM0.76 (S1) and RM0.71 (S2). Investors may find this stock appealing given its technical setup.
Source: Rakuten Trade
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