KLCI on 19.2.2019

Today green candle shows strong demand and it breaks 1705 resistance. After bouncing from 1626 on 18.12.2018, the prices have been moving between 1665 and 1705 trading range. The prices were strong and it shows no sign of weakness for the past two months. If the price is able to trade above 1705 tomorrow, it will form an uptrend. Probably the price will return and test the 1705 support before it further the next uptrend.

Author: Gerald Koh