Market reversed some of it early gains with a long black candle printed on KLSE weekly chart. KLSE was failed to hold after the last week's rebound to the high of 1164.64. Thus, market may due for consolidation in near term. We look at the immediate resistance at 1164.64 followed by 1189.25. Support is pegged at 1090.39-1089.47
Friday, August 8, 2008
KLSE Weekly: Market reversed some early gains
Market reversed some of it early gains with a long black candle printed on KLSE weekly chart. KLSE was failed to hold after the last week's rebound to the high of 1164.64. Thus, market may due for consolidation in near term. We look at the immediate resistance at 1164.64 followed by 1189.25. Support is pegged at 1090.39-1089.47