Over the past six months, the Bursa Malaysia Technology Index has exhibited moderate performance, reflecting the global tech sector's fluctuating conditions. The index saw a notable uptick in the last quarter of 2023, driven by a rebound in semiconductor demand and increased investments in digital infrastructure. However, it faced headwinds in early 2024 due to...
The FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) is a prominent benchmark of the Malaysian stock market, reflecting the performance of the top 30 companies listed on Bursa Malaysia. Over the past six months, the FBM KLCI has experienced a dynamic interplay of local technical factors, global economic sentiments, and the performance of major indices...
A bullish continuation pattern can be seen as the price continuously making series of Higher Highs and Higher Lows.
For the past 2-3 months, price formed a pullback after the Break of Structure reaching RM 1.87 as the new 52 Weeks High.
There are three key things that are worth to be observed:
1. Price rebounded at MA 200 confluence with the Order Block zone.
2....
