OSK :  Technical Analyzer_FKLI FCPO_20131219_RHB Retail Research

MBB

The market continues to display bearish tendencies and a violation of the current support may cause a downward spiral in price where the next support is pegged at RM 2,530. Nearest resistance is seen at RM 2,570. However stronger buying support could surface nearer to psychological price at RM 2,500. Intermittent minor support is expected as a normal feature in the downward trend.

Market view: Technically inspired trading. Potentially lower. Bears expected to dominate on minor bounce.

FCPO Daily Commentary  FCPO191213

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