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...
1. Market Structure: Currently transitioning to bullish with a CHoCH indicating a potential reversal from the bearish trend.
2. Key Zones:
Demand Zone: $2,620–$2,630 (strong low, institutional buying zone).
Supply Zone: $2,650–$2,660 (weak high, potential liquidity grab area).
3. Trade Ideas:
Long: Enter near $2,620–$2,630 if price confirms bullish...
