Due to this longer pandemic, no body will know until when this will last. Malaysian government, is very caution for the economy. Total lock down will make economy more worsen , and hard to awakening. The pattern is likely to challenge all the supports, but if there is a high demand of economy ... perhaps the trend will obey the uptrend channel.
1572 Touch on Thursday 7/1/2021
MEGA SUPPORT 1548
Rebounce at 1572 will change the trend for rally starting 3rd-4th week of January 2021
Consumer Sector and Construction sector is on Aim.
Detailed Elliott Wave Count for Malaysia's KLSE index since its inception.
Once Primary Wave 5 is in - we'll probably head into recession, though that's still a long way to go; probably at least a decade.
Upon completed Wave B of Bear, Wave C is in progress.
Current outlook : Bull in short term.
Market might rebound to 1600 range before drops till 890 to complete the recession/deflation cycle which is a hard reset for business...
