As I saw Dow Jones and Straits Time Index plunging , I did a scan on the regional index as well. I am surprised to see the Kuala Lumpur Composite Index formed a white candle instead despite the bad market condition worldwide.
Looking closely, KLCI is now trading below all the major moving averages. I also see a support that it is trading nearby now at approximately 1216. Breaking which will see the KLCI having downside risk to test the support at 1166 level.
DISCLAIMER: This information is used for learning purposes only. It does not constitute an offer or solicitation to buy or sell. You should do your own analysis on top of my postings.
