Market Outlook (May 31st - June 4th)

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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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