A day to celebrate. A day to rest. A day to ponder what is really going on with Malaysia’s FBMKLCI which has continued to underperform regional indices:

Regional Indices

There has been rotational play of which funds are flowing (?) from large cap (KLCI-constituents) to mid / small firms as mid-small cap indices are outperforming the large-cap KLCI on a year-to-date basis:

Mid-small.png

Technically, key support of 1,752 has been breached. Next expected support is anticipated at 200D moving average (around 1,740) and thereafter, at 1,727. As per Force Index indicator, it is observed there has been some level of bearish divergence earlier  prior to October.

0200I.MY.png

There are two ‘interesting companies’ may be worthy to watch:

Daiman – it may have appeared to have broken its trading range. Next resistance point is expected at around $2.53 as well as its 200D moving average line.

Daiman 18102017.png

BToto – After months of downtrend, are we seeing the bottom for this stock? Will the stock able to sustain above the key resistance of $2.48?

BToto18102017

Last but not least, what’s in store for Budget 2018 (to be tabled on 27 October 2017)?

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