Last Friday panic regional equity market selldown due to Dubai dept incident spurts over during FKLI opening this morning followed by buyer bargain hunting activities and major Asia market recovery helped stabilise the market's. Hourly chart wise (Dec09 chart), price still closed below the middle Bollinger band with the band width expanding marginally = market could possibly move lower. However, MACD Histrogram continue to edge higher = buying power remained strong through out the morning session. Immediate resistant seen at the middle Bollinger band followed by 1267 level.
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