14.2.08

KLCI - TECHNICAL ANALYSIS

The Composite Index is crossing the 50% fibonacci line. It is looking good until yesterday. This index might be driven by the Election element that is going-on right now. As long as the price stays in the uptrend channel you can feel relieve (even if it's in the lower portion of the channel).

This might also be driven by the news two days ago that was saying Malaysia as a safe haven during volatile period. I agree that our corporate result has improved. Take a look at the reports. They say it all.


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