The FBM KLCI closed higher above 1,590, supported by the return of foreign funds amid positive regional performances.
A shift of funds from US equities to Asian markets is expected due to a better risk/reward ratio. The index is anticipated to trade within the 1,590-1,600 range today.
SUNCON (5263):
• Resistance Levels: RM4.70 (R1), RM5.18 (R2)
• Support Levels: RM4.17 (S1), RM3.74 (S2)
Technical Play (US) – Nextera Energy Inc (NEE):
• BUY with an 18.7% potential upside and positive indicators.
• Resistance Levels: USD74.10 (R1), USD80.10 (R2)
• Support Levels: USD69.70 (S1), USD66.80 (S2)
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