Good closing for the week with a long white candle had helped to cushion the recent sharp fall. However, market needed more strength to break through the downtrend line in order to change the current bearish atmosphere. Thus, market may consolidate in near term with support at 1098.47 and resistance is at 1153.30-1157.47.
Friday, July 25, 2008
KLSE Weekly: Long white candle for the week closing
Good closing for the week with a long white candle had helped to cushion the recent sharp fall. However, market needed more strength to break through the downtrend line in order to change the current bearish atmosphere. Thus, market may consolidate in near term with support at 1098.47 and resistance is at 1153.30-1157.47.