KLCI BREAK UP OR BREAK DOWN - DAY 2

Day 2 monitoring on potential annulling break up. Sustainability of KLCI above ascending triangle is important to drive KLCI to 1400. Any negative issues pushing down KLCI below the support line (the resistance of ascending triangle will be turned to support line once KLCI stay above it) will demolish the upward momentum.

So, how you read today?

KLCI BREAK UP OR BREAK DOWN

KLCI has come to its turning point either to break explosively up or break seriously down. 1330 is the upper resistance, 1310 is the lower support.

Meanwhile the Break Up will lead the overall market rallies up to 1400, the Break Down has the downward pressure to 1150.

Unless God can tell us the direction it is, we are all forecast based on the probability. The factors to be considered are local issues and foreign bourses.

So, how you read?