The FBMKLCI could make another attempt to swing past our 1,490-1,500 resistance targets today. However, we wish to caution investors that sustainability is the biggest challenge now. With the candles trading below its key moving averages, we expect selling pressure to accelerate when prices approached the 1,500 psychological level. On the downside, the first support is seen at the 1,445 levels while breaching Tuesday’s low of 1,423.47 would spell greater trouble for the local bourse. Strategy wise, continue to unload on strength looks like a good option here.
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