| R3 | 1558.52 |
| R2 | 1555.72 |
| R1 | 1551.30 |
| Pivot | 1544.51 |
| S1 | 1544.08 |
| S2 | 1541.28 |
| S3 | 1536.86 |
| Open | 1529.94 |
| High | 1529.94 |
| Low | 1,509.37 |
| Close | 1,524.43 |
A massive gap opening on Friday, with FBMKLCI falling for straight 4 weeks. The first occurrence of four straight weeks with lower closing since market upturn in early 2009.
On the weekly chart, the index has been falling with increase volume traded. Having close below the 30 week MA, and the MA with a slight negative slope the outlook for Bursa Malaysia is not that promising.
The coming week, expected the index taking a breather with is oversold position. The psychological support of 1500 could be easily breach by next week or so. I am betting the index to get a strong support at 1475 level.
Rebound at 1500 might end at 1560 area setting up a possible head and shoulder pattern.
