As world market rally continue, we expect there won’t be any significant CNY rally for this year. As upside resistance is strong at 1700. Traditional BN so call Ang Pow stock or rally on rumors may also non existence this time as all activities are closely watch by everyone due to coming election.
We may see very mild activities on one or two counters but overall we expect coming General Election over shadow all activities. Even if there is any speculative activities, it won’t have a big margin on any run up. So be careful and don’t become you are the one giving Ang pow.