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Sunday, June 6, 2010

KLCI daily chart analysis - 04062010

KLCI movement commentary
KLCI rebounded from the recent low of 1244 to 1294, it's trying to test 1300 level and the KLCI will only turn bullish after breaking the middle line of Bollinger bands.

Risk
KLCI may retreat to 1244 level as aligned with current Bearish view.

Strategy
Sell/Short into strength.
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