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Current Trend : Downtrend
Support 1 : 1240-1235
Support 2 : 1224
Resistance 1 : 1290-1300
Resistance 2 : 1324
Observation : Market is currently trading in a downtrend with no signs of possible recovery. However, a 'Bullish Engulfing' was formed on the last trading day and the MACD histogram shows 4 Green 1 Red, both of which are bullish signals. Thus, there is a probability that the market will make a small rebound up until the first resistance level, before it takes another downturn.
Stocks to Watch : MEASAT, YEELEE, MYEG
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