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.
馬來西亞證券交易所連續三個交易日下跌，在此期間下跌超過15點或0.9％。吉隆坡綜合指數目前位於1590點的高位之下，儘管該指數有望在週五開盤。
印度盧比投資銀行有限公司（RhB Research）在週四延長修正時維持對FKLI的空頭頭寸，回落7.50點，收於1,587.50點。該指數開盤於1,596點，並測試了1,599.50的高點，然後回落至1,582.50的低點，收盤跌破200日均線。
最新的 「較低低點」 收盤表明持續的看跌勢頭，RSI也指向下方。這表明未來幾個交易日有進一步的下行潛力，該指數可能會測試1,580點的支撐位。下行突破可能會將其推向較低的支撐位1,550點。
200天和50天均線都充當上方阻力，進一步強化了看跌前景。RhB Research建議交易者維持在10月4日收盤價1,627.50時開始的空頭頭寸。初始止損設定爲1,639點。直接支撐位位於1,580和1,550點，而阻力位則固定在1,620和1,639點。
同時，FCPO也面臨強勁的看跌勢頭，收於4,800令吉的支撐位4,772令吉以下。該大宗商品在週四的交易日開盤價爲4,812令吉，回落至4,626令吉的低點，並在收盤走低之前成功收復了部分損失。「較低的低點」 收盤重申了正在進行的修正，下一個支撐位可能在4,600令吉。
儘管 「長下陰影」 表明盤中低點遭到一些拒絕，但4,900令吉的直接阻力可能會限制任何反彈嘗試。
在觸發4,800令吉的追蹤止損後，RhB Research轉向了負面的交易偏見，平倉了9月20日開始的3,947令吉的多頭頭寸。新的空頭頭寸於11月21日啓動，價格爲4,772令吉。初始止損設定爲4,900令吉。進一步的支撐位分別爲4,600令吉和4500令吉，而阻力位則調整爲4,900令吉和5,000令吉。
FKLI和FCPO都繼續顯示出看跌趨勢，在沒有看漲逆轉的情況下，預計將進一步下跌。
