METROK, SUCCESS

KLCI ended +0.7% at 1064.60 led by gains in plantation, construction and select blue chips. Good chance that follow-through buying interest in blue chips will help lift KLCI to test year high of 1071.82. Underlying sentiment remains bullish as investors focus on the slew of M&As and solid earnings reports. Oil palm plantation companies involved in government-led merger most active. Speculation of media group merger lifts New Straits Times Press & Utusan Melayu.

Technical Readings:

KLCI
For 29 NOV the KLCI closed at 1,064.6000.
Overall, the bias: Upwards.
The projected upper bound is: 1,081.91.
The projected lower bound is: 1,051.51.
The projected close: 1,066.71.

SPOTMONTH (NOV)
For 29 NOV the closing price was 1,063.0000.
Overall, the bias in prices is: Upwards.
The projected upper bound is: 1,081.70.
The projected lower bound is: 1,048.38.
The projected closing price is: 1,065.04.


METROK
Testing Resistance 1.08. Cut Loss 0.98. Target 1.14

For 29 NOV the closing price was 1.0700.
Overall, the bias in prices is: Upwards.
The projected upper bound is: 1.14.
The projected lower bound is: 1.01.


SUCCESS
Strong support 0.985. Target 1.07. Best Buy 0.96/0.975. Cut Loss 0.92

For 29 NOV the closing price was 0.9950.
Overall, the bias in prices is: Upwards.
The projected upper bound is: 1.04.
The projected lower bound is: 0.95.

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