Jan 7, 2025
Trading to reflect cautious market sentiment
The FBM KLCI fell below the 1,630 support level, and consolidation is expected to persist until a new catalyst emerges. A decisive breakthrough above the 1,645 resistance level is crucial for the index to reestablish its bullish trajectory. For today, the FBM KLCI is expected to trade within the 1,620 to 1,630 range, reflecting cautious market sentiment’ says Rakuten Trade. Technical…