Resistance: Potential double top
Start of rally? Next resistance will be 1750 Previous Analysis:
Technical: Break below 200MA, oversold zone, but likely to retest 1700 Fundamental: Watch out for Budget 2018
Correction is looking more likely, watch $7k zone
Trend line support turned resistance, oversold zone
Seems like a false breakout, correction continues.
Facing strong resistance. Breakout may bring price to 118 and beyond.
Ringgit is strengthening, probably due to rising oil price and institutional position. If 4.18 support does not hold, likely fall to at least to 4.15