Be Cautious of the technical rebound of KLCI...

My point of view about KLCI:

(Click to enlarge the chart)

From my analysis:

This is only a short term rebound as the sto slow have cross up the 20 points reference line.

For long term, KLCI still bearish...?

Based on my selection indicators below:

Bollinger bands: upper curve not form

Volume: Some seller start to change their trading direction to buy
Sto slow: cross up 20 reference line
Moving averages: no crossover between 2 moving averages

Resistance Level: have not violated/breakthough, as strong resistance level will be at 1453points.