KLCI Faces Resistance Near 1,750 Level

The FBM KLCI closed at 1,725.89, remaining above its 20-day and 120-day moving averages. However, its failure to hold above the 9-day moving average points to weakening near-term momentum.

KLCI

Repeated rejections near the 1,750–1,760 zone show that sellers are firmly defending this resistance level. A break below 1,720 would open the door to a deeper pullback towards the 1,700 support, with 1,680 as the next line of defence should profit-taking accelerate.

The technical outlook will only turn more positive if the index can clearly break and sustain above the 1,750 level. Until then, the market is likely to remain range-bound with a cautious bias.

#businessnews

How These Top 10 Emerging Technologies Are Transforming the Physical World