Financial Savvy
FBMKLCI & FBMSCAP Chart Analysis Week 2-2015
Downtrend did soften for FBMKLCI and FBMSCAP but overall it is still bearish. We have seen a short term uptrend witnessed by higher low in the chart pattern of both charts. MACD is still below zero line indicating bearish momentum.
FBMKLCI immediate resistance is at 1770 while immediate support is at 1708. FBMSCAP immediate resistance is at 15185 while support is at 14645.
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