Trading to reflect cautious market sentiment

The FBM KLCI fell below the 1,630 support level, and consolidation is expected to persist until a new catalyst emerges.

A decisive breakthrough above the 1,645 resistance level is crucial for the index to reestablish its bullish trajectory.

For today, the FBM KLCI is expected to trade within the 1,620 to 1,630 range, reflecting cautious market sentiment’ says Rakuten Trade.

Technical View

WASCO (5142)

• Entry Level: RM 1.10-RM1.15
• Resistance levels are identified at RM1.28 (R1) and RM1.38 (R2). Support levels are pegged at RM1.08 (S1) and RM1.00 (S2).

Technical Analysis:

PETROCHINA (857.HK)

• Resistance levels are identified at HKD6.25(R1) and HKD6.50 (R2). Support levels are pegged at HKD5.90 (S1) and HKD5.60 (S2)

Read more Business News