KLSE is forming CUP AND HANDLE pattern. It may break resistance level 1470 in this week. It may go upto 1480 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 53. There is strong resistance level at 1470. This level 1470 may break in this week. If it is break this level then it can go more upside. Bursa Malaysia snapped its three-day losing streak to end higher on Thursday (Nov 17), supported by last-minute buying, as some investors took position ahead of the 15th general election (GE15) on Saturday, a dealer said. At 5pm, the benchmark FBM KLCI index had improved 0.94 point, or 0.06%, to end at 1,449.32, its intraday high, from Wednesday’s close at 1,448.38. The market bellwether opened 1.82 points easier at 1,446.56, and hit an intraday low of 1,441.57 in the afternoon session. On the broader market, decliners outpaced gainers 521 to 313, while 405 counters were unchanged, 1,093 untraded, and 47 others suspended. Turnover widened to 2.63 billion units valued at RM1.85 billion, versus 2.32 billion units valued at RM1.71 billion on Wednesday.
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