Technical outlook for Bursa improving, says Kenanga Research

  • Markets
  • Tuesday, 17 Apr 2018

KUALA LUMPUR: The overall technical picture for Bursa Malaysia has been improving over the past two trading days and there is a possibility the FBM KLCI could test the previous high of around 1,880, Kenanga Research said.

It said on Tuesday the KLCI is now hovering above key simple moving averages (SMAs) which are currently in a “Golden Cross” state, with the moving average convergence divergence (MACD) indicator also having staged a bullish crossover against its signal-line.

Markets , Analyst Reports