FKLI Week 22 2024: Pullback in the making?

FTSE Bursa Malaysia KLCI Futures (MYX_DLY:FKLI1!)

MYX_DLY:FKLI1! FTSE Bursa Malaysia KLCI Futures

trendanalysis chartpattern fkli fkli1 fkli1! fklimalaysia bursamalaysia klci klcifutures bursa

Last week, the KLCI appeared to hold within the 1620-1618 range. However, a bearish candle on Friday and an overall weekly bearish key reversal candle are concerning. Ideally, we hope to see the index bounce higher to the 1625 level before potentially declining further, first towards Friday’s close and then even lower to the 1608 level.

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