- We last updated FBMKLCI on 10 March where we said the market was weak and drew a tentative line of 1420.38 as the initial support line.
- The next week it just knifed through it making a low of 1391.04 before settling around the line 1420.38 now
- In the next 3 months, I expect price to move up to around 1460 before hitting the bottom of around 1340
- The market is in an established downtrend.
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