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- Market FBM KLCI Outlook, 1 Sep 2015
Tuesday, September 1, 2015
After bar [a] denoting spring, sign of strength, we have like an outside bullish setup [b].
Incidentally, our forecast to the support of 1500 price level was tested and the lower prices are rejected indicating strong support at 1500 by the smart money.
Should the market close above 1640-1650 successfully, the downtrend has temporary ended. At best, expect sideway.
See you next week...
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