KLSE is forming CUP AND HANDLE pattern on daily chart. It may break resistance level 1505 in this week. It may go upto 1520 in this week. On the daily chart KLSE is in up trend. Primary trend is up trend and secondary trend is up trend. RELATIVE STRENGTH INDEX is 52. There is strong resistance level at 1505. This level 1505 may break in this week. If it is break this level then it can go more upside. Bursa Malaysia ended the week in positive territory, after late buying of selected plantation heavyweights lifted the benchmark index by 0.78%, despite volatility in regional markets. At 5pm on Friday (Dec 16), the FBM KLCI had risen by 11.41 points to 1,478.54, from Thursday’s closing at 1,467.13. The barometer index opened 5.37 points lower at 1,461.76, and went down to 1,459.31 in the morning session, before climbing up to its intraday high of 1,478.54 in the final hours of trading. However, on the broader market, decliners edged advancers 488 versus 409, while 414 counters were unchanged, 963 untraded, and 48 others suspended. Turnover improved to 3.33 billion units worth RM2.24 billion versus 2.54 billion units worth RM1.91 billion on Thursday.
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