Bursa Malaysia shares extended sideway trading Tuesday, outpacing weaker regional markets as traders recalibrated their bets on the Federal Reserve's easing. The FBM KLCI inched higher by 3.97 points to settle at 1,547.99, off a low of 1,540.77 and high of 1,550.99, as gainers led losers 597 to 516 on total turnover of 4.53bn shares worth RM2.82bn.
Persistent profit-taking and selling amid cautious external tone should damped near-term sentiment, forcing the stocks to consolidate with downward bias. Overhead resistance stays at the recent 21-month high of 1,559, followed by 1,580, with stronger upside hurdle seen at the 1,600 level. Immediate index supports remains at 1,531 and 1,496, the respective rising 50-day and 100-day moving averages, with better support seen at 1,480.
Genting Berhad need to climb above the 11/03/24 high (RM5.10) convincingly to aim for the RM5.40 and 123.6%FP (RM5.60) going forward, while key chart support from 76.4%FR (RM4.47) cushions downside. Genting Malaysia shares need sustained strength above the upper Bollinger band (RM2.87) to enhance upward momentum towards the RM3.00, with next resistance seen at the 123.6%FP (RM3.16) ahead while the 200-day ma (RM2.53) limits downside risk.
Source: TA Research - 3 Apr 2024
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2024-11-03
GENTING2024-11-01
BURSA2024-11-01
BURSA2024-11-01
BURSA2024-11-01
BURSA2024-11-01
BURSA2024-11-01
BURSA2024-11-01
KPJ2024-11-01
KPJ2024-10-30
BURSA2024-10-30
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BURSA2024-10-30
GLOTEC2024-10-30
KPJ2024-10-30
KPJ2024-10-30
KPJ2024-10-30
SERSOL2024-10-30
TAS2024-10-30
TIMECOM2024-10-30
ZENTECH2024-10-29
ALPHA2024-10-29
ALPHA2024-10-29
BURSA2024-10-29
BURSA2024-10-29
BURSA2024-10-29
GENTING2024-10-29
GENTING2024-10-29
GENTING2024-10-29
GENTING2024-10-29
GLOTEC2024-10-29
KPJ2024-10-29
KPJ2024-10-29
SERSOL2024-10-29
UNIWALL2024-10-28
BURSA2024-10-28
BURSA2024-10-28
BURSA2024-10-28
KPJ2024-10-28
KPJ2024-10-28
KPJ2024-10-28
KPJ2024-10-28
KPJ2024-10-28
ZENTECH2024-10-25
BURSA2024-10-25
BURSA2024-10-25
DNEX2024-10-25
GENTING2024-10-25
GENTING2024-10-25
KPJ2024-10-25
KPJ2024-10-25
KPJ2024-10-25
KPJ2024-10-25
KPJ2024-10-24
BURSA2024-10-24
BURSA2024-10-24
BURSA2024-10-24
KPJ2024-10-24
KPJ2024-10-24
KPJ2024-10-24
KPJ2024-10-24
TAS2024-10-24
TAS2024-10-24
TAS2024-10-24
TAS2024-10-24
TAS2024-10-24
TIMECOM2024-10-23
BURSA2024-10-23
BURSA2024-10-23
BURSA2024-10-23
KPJ2024-10-23
KPJ2024-10-23
KPJ2024-10-23
KPJ2024-10-23
KPJ2024-10-22
ALPHA2024-10-22
ALPHA2024-10-22
BURSA2024-10-22
BURSA2024-10-22
BURSA2024-10-22
BURSA2024-10-22
BURSA2024-10-22
BURSA2024-10-22
DNEX2024-10-22
DNEX2024-10-22
DNEX2024-10-22
KPJ2024-10-22
KPJ2024-10-22
KPJ2024-10-22
KPJCreated by sectoranalyst | Oct 30, 2024
Created by sectoranalyst | Oct 29, 2024
Created by sectoranalyst | Oct 29, 2024