What will happen to KLCI after State Elections?

2023年8月13日

Currently KLCI hoover around strong Resistance at 1460 and we can see the double top potential on the chart. The MACD indicator also showing weakness by developing the bearish divergence pattern. Current support is at 1450 level and if this support broken, next support will be at the strong support 1437 and 1432.68. KLCI must defend this support in order to continue the bullish movement.

(Disclaimer : Personal analysis and for educational purpose only)