KLCI

3 nov 2022

From my point of view, this index shows a possible bullish movement as the price already test the bearish trendline for the third times. Its mean that resistance trendline might become weak. Futhermore, price also did a breakout from previous high or resistance and on it way to resistance become support area. Malaysia general election also in near time and surely it will affect stock market. It is because the candidate or parties will give 'gula-gula' which is to good to be true manifiesto in order the citizens vote them in upcoming election. The budget 2023 announcement also can affect this index as the budget been postponed due to parliament collapse. US index also in recovery mode from their lowest before this. Rip my english hahaha