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FBM KLCI Brief Technical Outlook

Follow-through selling pressure was noted on the FBM KLCI and it ended below the EMA9 level. The MACD Histogram extended another red bar, but the RSI is hovering above 50. The FBM KLCI may be due for a technical rebound towards the resistance of 1,650. Meanwhile, the support will be set around 1,600.

 

fbm klci chart analysisby Malacca Securities Sdn Bhd