Monday, November 3, 2008

KLSE Daily: straight up for 3 consecutuive trading day


Market extended gains for 3 consecutive trading day with a long white candle had further underpinned the market momentum. Looks technical rebound may continue in near term. We now look for the immediate resistance at 893-902 (gap left over since 22 Oct, 2008) followed by 913-914 (gap left over since 21 Oct, 2008). While, downside support is pegged at 869-867 followed by 853-848.