The FTSE Bursa Malaysia KLCI (FBMKLCI), currently at 1,606.96 (+0.72%), shows bullish momentum, suggesting potential upward movement. If 1,600 holds as support, the index could target 1,620–1,630 in the short term and potentially 1,650 in the medium term. A sustained breakout with rising volume would confirm this trend.
However, rejection near 1,606–1,610 could lead to a pullback toward 1,580–1,590, where institutional accumulation might occur. A Break of Structure (BOS) below 1,600 would signal bearish reversal risks.
Key indicators include market structure, volume trends, and liquidity zones. While the short-term outlook remains bullish, cautious observation of institutional activity is essential for accurate forecasting.
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