Strong buying revival crucial, TA Research says

In its market outlook, it said the positive external tone from the extension of the US debt ceiling deadline to the year-end and easing US-China trade tensions should spill over to reinforce domestic sentiment.

KUALA LUMPUR: With momentum and trend indicators on the FBM KLCI turning bullish again headlined by a fresh daily MACD buy signal following last week's strong sessions, TA Research said on Monday the only missing link will be a revival of strong buying momentum to improve market breadth and encourage stronger domestic institutional and retail participation to cement an uptrend resumption.

In its market outlook, it said the positive external tone from the extension of the US debt ceiling deadline to the year-end and easing US-China trade tensions should spill over to reinforce domestic sentiment.