FBM KLCI technical indicator : how’s the rebound?

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TECHNICAL INDICATIONS FM KLCI Support : 1320                       Resistance : 1377, 1400 Bias : Downtrend Yesterday’s rebound had effectively filled the gap at 1,357-1,365 levels beautifully. Despite the rebound, the index is still trading within the down trending channel and below the 5-day and 10 day moving averages. Hence, the technical outlook is frail with the indicators still
Bursa Malaysia Stock Market Analysis Digest

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