FBMKLCI index going to challenge 1676 in short period
https://www.tradingview.com/x/nzwts0xT/
https://www.tradingview.com/x/DqUWk88s/
With the very volatile market condition, KLSE index looks trending up to the MA20 of 1650, and next target 1576 at the resistance zone of the DC channel
Based on the 2 trend lines, long term and short term, both have well supported
With the RSI closing to value 50 with trending up could see the momentum is ready become stronger in the near term
Since 7 Oct it has been moving horizontally around neckline zone of M shape chart pattern form in mid term, this zone is also lower part of DC channel
https://www.tradingview.com/x/DqUWk88s/
With the very volatile market condition, KLSE index looks trending up to the MA20 of 1650, and next target 1576 at the resistance zone of the DC channel
Based on the 2 trend lines, long term and short term, both have well supported
With the RSI closing to value 50 with trending up could see the momentum is ready become stronger in the near term
Since 7 Oct it has been moving horizontally around neckline zone of M shape chart pattern form in mid term, this zone is also lower part of DC channel
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