TECHNICAL OVERVIEW ON KLSE

KLSE is forming ROUNDING BOTTOM PATTERN on daily chart. It may break ┬áresistance level 1428 in this week. It may go upto 1438 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 62. There is resistance level at 1428. This level 1428 may break in this week. If it is break this level then it can go more upside. Bursa Malaysia concluded the week on a strong note, as it achieved an intraday high well above the 1,400-level on Friday with buying mainly focused on plantation and banking stocks. At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 0.49 per cent or 6.83 points to 1,413.52 from yesterday’s close of 1,406.69. On the broader market, there were 431 gainers, 487 losers and 425 counters traded unchanged on the Bursa Malaysia. Turnover was at 3.294 billion shares valued at RM2.007 billion. The FBM KLCI continued to trend higher, as key regional indices trended mostly mixed following a mix cue from Wall Street yesterday.

About Investors Wizard 93 Articles
A Professional Investment Consulting Company, serving our client to make profitable trading based on thorough technical and fundamental analysis on live market recommendations.

Be the first to comment

Leave a Reply

Your email address will not be published.


*