Based on the chart reading, the KLCI
have perform the technical rebound. The main resistance was at 200 days
moving average which is at around 1,660 points. After touching the main
resistance of 200 days moving average the index started to move down.
The main support now for the KLCI is around 1,610 points. Breaking this
support, we might be heading lower below 1,600 points
MACD Histogram indicators showing RED
colour stating that the index is weaken with the MACD reading is getting
weaker. At these moments the KLCI is trading below 20 days moving
average. It is a sign of weakness. Stay out from the equities markets
for a while will be a right choice at these moments.
http://malaysianshares.blogspot.my/2016/06/klci-now-look-very-crucial-maybe-1600.html