KUALA LUMPUR (Aug 6): RHB Retail Research said last Friday was a bullish session for the FBM Small Cap Index (FBMSC), as it rebounded by 69.46 points to 14,742.20 points.
In a technical analyser today, the research house said the index charted a white candle after oscillating between a low of 14,677.26 points and high of 14,750.44 points.
"Although we saw a reversal 'Bearish Harami' candlestick pattern on July 26, no strong bearish follow-through was sighted.
"This implies that the bears are still unable to wrest control from the bulls. Overall, the bulls continue to dominate market sentiment," it said.