The recent uptick in the FBM KLCI indicates renewed buying interest, potentially offering a short-term rebound opportunity.
Bank Negara Malaysia’s decision to keep the OPR steady at 3% provides clarity for the local market. We expect plantation stocks to remain in focus as CPO futures approach RM5,000 per tonne.
• We anticipate the benchmark index to trade within the range of 1,630 to 1,640 today.
Technical View: SMRT (0117)
• Entry Range: RM1.10–RM1.19
• Resistance Levels: RM1.23 (R1) and RM1.40 (R2)
• Support Levels: RM1.10 (S1) and RM1.01 (S2)
Technical Play: GEELY AUTO (175.HK)
• Resistance Levels: HKD15.00 (R1) and HKD16.00 (R2)
• Support Levels: HKD13.00 (S1) and HKD12.00 (S2)
— Rakuten
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