The momentum of the down trend is strong, with indicators like RSI and Momentum are making lower lows. However, the indicators also show that the KLCI is oversold and therefore a technical rebound is expected but because the down trend is strong, the KLCI is like a dead cat falling. The rebound may be short and the down trend may resume. The rebound may face resistance at 1,180 points and support level is at 1,000 points. By Benny Lee
Decline of the ringgit: Amid strain on people, businesses, is there hope
for a rebound?
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After the currency hit a 26-year low, is the only way up? The programme
Insight finds optimism and doubt in equal measure as it looks at factors
behind the...
12 hours ago
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