Bursa Malaysia has moved lower in three straight sessions, slipping more than 15 points or 0.9% in that span. The Kuala Lumpur Composite Index now sits just beneath the 1,590-point plateau although it's tipped to open in the green on Friday.
RHB Investment Bank Bhd (RHB Research) maintains a short position on the FKLI as it extended its correction on Thursday, retreating 7.50 points to close at 1,587.50. The index opened at 1,596 and tested a high of 1,599.50 before pulling back to a low of 1,582.50, finishing below the 200-day SMA line.
The latest "lower low" closing indicates sustained bearish momentum, with the RSI also pointing downwards. This suggests further downside potential in the coming sessions, with the index likely to test the 1,580-point support level. A downside breakout could push it towards the lower support at 1,550 points.
Both the 200-day and 50-day SMA lines act as overhead resistances, further reinforcing the bearish outlook. RHB Research advises traders to maintain short positions initiated at the 4 October close of 1,627.50. The initial stop-loss is set at 1,639 points. Immediate support levels are identified at 1,580 and 1,550 points, while resistance levels are pegged at 1,620 and 1,639 points.
Meanwhile, the FCPO also faced strong bearish momentum, closing below the RM4,800 support at RM4,772. The commodity began Thursday's session at RM4,812, retraced to a low of RM4,626, and managed to recover some losses before closing lower. The "lower low" closing reaffirms the ongoing correction, with the next support level likely at RM4,600.
While the "long lower shadow" suggests some rejection of the intraday low, immediate resistance at RM4,900 may limit any recovery attempts.
RHB Research has shifted to a negative trading bias after the trailing-stop at RM4,800 was triggered, closing out long positions initiated on 20 September at RM3,947. New short positions were initiated on 21 November at RM4,772. The initial stop-loss is set at RM4,900. Further support levels are marked at RM4,600 and RM4,500, while resistances are adjusted to RM4,900 and RM5,000.
Both FKLI and FCPO continue to display bearish trends, with further downside expected in the absence of a bullish reversal.
马来西亚交易所已连续三个交易日下滑，跌幅超过15点或0.9%。吉隆坡综合指数目前位于1,590点的关口附近，尽管预计周五开盘将会呈现绿色。
RHb投资银行（RHb研究）对FKLI维持开空头头寸，因为它在周四继续调整，回落7.50点，收于1,587.50。该指数在1,596开盘，测试了1,599.50的高点，然后回落至1,582.50的低点，最终收于200日移动平均线以下。
最新的“更低的低点”收盘表明持续的看淡动能，RSI也向下指向。这表明在接下来的交易中可能进一步下行，指数可能会测试1,580点的压力位。向下突破可能会将其推向1,550点的下方支撑位。
200日和50日移动平均线作为上方的支撑位，进一步增强了看淡的前景。RHb研究建议交易者保持在10月4日1,627.50的收盘价格上建立的开空头头寸。初始止损设置在1,639点。立即的支撑位定在1,580和1,550点，而压力位则设在1,620和1,639点。
与此同时，FCPO也面临强劲的看淡动能，收盘于RM4,772，低于RM4,800的支撑位。该商品在周四的交易开始时为RM4,812，回落至RM4,626的低点，然后稍微收复一些损失，但最终收盘下跌。“更低的低点”收盘重申了正在进行的调整，下一支撑位可能在RM4,600。
尽管“长下影线”暗示对当日低点的某种拒绝，但在RM4,900的即时压力位可能会限制任何反弹尝试。
RHb研究在RM4,800的追踪止损被触发后，已转向负面交易偏好，关闭了在9月20日以RM3,947建立的开多头头寸。新的开空头头寸于11月21日在RM4,772建立。初始止损设置在RM4,900。进一步的支撑位标记在RM4,600和RM4,500，而压力位调整至RM4,900和RM5,000。
FKLI和FCPO继续呈现看淡趋势，若没有看好的反转，预计还会进一步下跌。
