KLSE violated downtrend line

KLSE violated the downtrend line and covered full gap left over on 3-4 Jul, 2008 at 1138.03-1153.33. Market may continue to move sideways to higher in near term. Resistance and support is at 1187.67 and 1116.14-1112.51 (gap left over on 22-23 Jul, 2008) respectively.