KLSE & KLCI is now at a Consolidating Stage where the market is expected to hover around 1180 to 1200 Level for the next few days until a new direction can be found.
It has been hovering around 1178 to 1190 level for almost a week now, and tonight most likely US Market will be side way also as shown in the Regional Market, US DJ Futures & European market are trading Lower now.
The KLCI Chart seems to be reaching a peak with the MACD at its peak and the Momentum is slowing down. Do expect a pull back should there is a slight drop below 1178 level.
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