TeropongBursa

FBM KLCI weekly chart - short term rebound

FTSEMYX:FBMKLCI   FTSE Bursa Malaysia KLCI Index
KLCI staged a breather from a sharp drop since early May after failed attempt to break and close above 1900 level. Short term uptrend with Resistance set at R1 and R2, if momentum continues, might signal a comeback. But for now, bearish trend still in effect.
Comment: Change word "short term uptrend" to "short term technical rebound "
Comment: Bullish confirmation once index above 1800.
Comment: Bullish confirmation once index above 1800 or back above blue trendline.

KAMARUL NIZAM
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