KLSE TECHNICAL OVERVIEW

KLSE is forming CUP AND HANDLE pattern. It may break resistance level 1515 in this week. It may go upto 1530 in this week. On the daily chart KLSE is in up trend. Primary trend is down trend and secondary trend is up trend. RELATIVE STRENGTH INDEX is 49. There is strong resistance level at 1515. This level 1515 may break in this week. If it is break this level then it can go more upside. Bursa Malaysia ended marginally lower after moving cautiously in a tight range ahead of the release of US jobs data later on Friday (Sept 2), and tracking the weakness in most regional peers, said a dealer. At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) shaved off 0.77 of a point to 1,491.18 from Thursday’s close of 1,491.95. The barometer index opened 1.17 points better at 1,493.12, and subsequently moved between 1,489.23 and 1,498.61 throughout the trading session. On the broader market, decliners outpaced advancers 474 to 316, while 420 counters were unchanged, 1,079 untraded, and 32 others suspended. Total turnover fell to 2.18 billion units worth RM1.57 billion from 2.44 billion units worth RM2.02 billion on Thursday.

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