The FBM KLCI ended higher but faced with mild resistance around the EMA20 level (1,620). The MACD Indicator, however has given a “Buy” signal, while the RSI has crossed above 30.
The FBM KLCI may be due for a profit taking activities as it approaches the 1,660 level. Support will be set around 1,580.
by Malacca Securities Sdn Bhd