KLSE is forming ROUNDING TOP pattern on daily chart. It may break resistance level 1445 in this week. It may go upto 1460 in this week. On the daily chart KLSE is in down trend. Primary trend is up trend and secondary trend is down trend. RELATIVE STRENGTH INDEX is 35. There is resistance level at 1445. This level 1445 may break in this week. If it is break this level then it can go more upside. Bursa Malaysia rebounded and ended sharply higher on Friday (March 17), in tandem with the recovery across regional markets as worries over a global banking crisis receded, said an analyst. At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) jumped 20.13 points, or 1.45%, to 1,411.73 from Thursday’s close of 1,391.6. The market bellwether opened 5.68 points better at 1,397.28 and moved between 1,397.23 and 1,416.92 throughout the day. Market breadth was positive with gainers thumping decliners 711 to 244 while 349 counters were unchanged, 961 untraded and 27 others suspended. Turnover amounted to 4.43 billion units worth RM4.09 billion.
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