Bullish forecast on FTSE Bursa Malaysia KLCI
The FTSE Bursa Malaysia KLCI (FBMKLCI), currently at 1,606.96 (+0.72%), shows bullish momentum, suggesting potential upward movement. If 1,600 holds as support, the index could target 1,620–1,630 in the short term and potentially 1,650 in the medium term. A sustained breakout with rising volume would confirm this trend.
However, rejection near 1,606–1,610 could lead to a pullback toward 1,580–1,590, where institutional accumulation might occur. A Break of Structure (BOS) below 1,600 would signal bearish reversal risks.
Key indicators include market structure, volume trends, and liquidity zones. While the short-term outlook remains bullish, cautious observation of institutional activity is essential for accurate forecasting.
However, rejection near 1,606–1,610 could lead to a pullback toward 1,580–1,590, where institutional accumulation might occur. A Break of Structure (BOS) below 1,600 would signal bearish reversal risks.
Key indicators include market structure, volume trends, and liquidity zones. While the short-term outlook remains bullish, cautious observation of institutional activity is essential for accurate forecasting.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.