KLCI continue to outperform regional market due to its defensive qualities. Nevertheless, it fell below its trend line supportof 1435, suggesting that it could ease to 1,377 its 38% Fibo and also its 100-day SMA. A minor bounce could take place then (probably Thursday)... till then, as the title says bye bye birdie!!
STI is expected to continue to plunge towards the 2,775 long term uptrend channel support. In the short term, a rebound could take place - probably sometime this week. Could be Wednesday or Thursday. Stay tuned.
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