As you can see, the KLCI already complete the Gap. The regression line in downtrend and on support level.
Resistant 1425 and 1506. If the price can break through 1400, the market have bullish sentiment to break over the resistant. For moment with Covid case, maybe we can see the price will in range.
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as expect, the price is hold 1.504 at previous resistant and now become support.
I'm The price will keep around this area for moment because our MCO just lift up and more sector is trying to recover back soon.
Too risky to go long now, but it might retest high 1430. Almost break through the major support level days ago, dang it. Interesting to see whether it could break through 0.382 retracement 1355 which is almost the same pivot point as SPX 2720. u think we are in which Elliott Wave?
Croxie
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In my opinion, Elliot wave D.
Hope everything will go fine after lift up MCO soon.