US markets is now doing its C-wave of this rebound rally. I expect both the STI and KLCI to follow suit this morning. STI could retest the breakdown level of 3,268 soon followed by 3,325 while KLCI to retest 1,417-1,420 first before testing 1,435.
For short term traders and intraday traders, this is a good time to get in but for longer term investors, it would be better to wait for longer until the market finds its footing.
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