FBM KLCI…Early Signs of Uptrend Resumption?: "
We have some “fascinating” market moves for the last two (2) trading days where indices had last-minutes push-up, led by blue-chips amidst far-apart price gap between buyer and seller. This will definitely call for close monitoring by investors.
The close has brought the index back to level above the 30-Day Moving Average.
Meanwhile, I have observed one positive development in the revival of market leadership as displayed by Latex Glove stocks. A continuation in these price uptrend and any new theme plays will serve the market very well.
Will these bring some life to the current listless market? Again, let's wait for more confirmation...
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