SHARE rates on Bursa Malaysia relocated in counter-trend with the efficiencies on the Commercial and also local stock markets. Weak market sentiment on the neighborhood front remained to send the FTSE Bursa Malaysia KLCI (FBM KLCI)’& rsquo; s 30 index-linked parts wandering to lower closes. The index had actually considering that breached its assistance of 1,820 over the last 5 trading days. The FBM KLCI attacked its intra-week high of 1,832.70 on Tuesday just before consolidating down to its intra-week low of 1,808.70 yesterday, providing an intra-week trading variety of 24 factors. On equilibrium, the index posted a week-on-week loss of 10.40 factors, or 0.57 each cent. The 30 index-linked elements signed up 19 losers as compared with 10 gainers. The FBM KLCI opened partially greater at 1,824.47 points on Monday and also ended reduced at 1,813.79 the other day. The FBM Small Cap Index shed 611.30 points, or 3.51 each cent, to shut broadly lower at 16,815.96 factors, while the FBM ACE Index finished broadly reduced at 6,381.39 factors, taping a week-on-week loss of 397.18 factors, or 5.86 per cent. Followings are the readings of several of its technological indicators: Moving Averages: It proceeded to remain here its 10-, 20-, 30-, 50-, ONE HUNDRED- and also 200-day relocating averages. Energy Index: Its short-term energy index had actually because remained listed below the support of its neutral reference line. On Equilibrium Quantity (OBV): Its short-term OBV style proceeded to remain below the support of its 10-day exponential relocating standards. Loved one Ability Index (RSI): Its 14-day RSI stood at 42.11 per cent.Outlook The FBM KLCI hit its intra-week high of 1,832.70 on Tuesday, organizing a re-challenge of this column’& rsquo; s imagined resistance area(1,828 to 1,862 levels). Succeeding technical pullbacks sent the FBM KLCI lesser to its intra-week low of 1,808.70 the other day, relocating right into the confines of this column’& rsquo; s imagined support zone( 1,786 to 1,820 degrees). From the efficiencies of the FBM KLCI’& rsquo; s 30 parts, MISC Bhd changed Telekom Malaysia Bhd as the week’& rsquo; s top performing element, with a year-to-date gain of RM1.94, or 34.04 per cent. Bursa Malaysia’& rsquo; s technical pullbacks sent out the weekly price chart once more listed below the neckline (See FBM KLCI’& rsquo; s weekly graph– A3: A4)of its intermediate-term double-top design development. It remained to stay listed below its intermediate-term neckline support yesterday. Chartwise, the daily cost chart presented a re-test of the assistance of its intermediate-term decline (See FBM KLCI’& rsquo; s everyday chart– B1: B2). Ever since, the index had actually considering that breached the support of its immediate drawback assistance (B3: B4). The day-to-day rapid MACD unravelled a “& ldquo; dead cross & rdquo; of its day-to-day sluggish MACD on Tuesday, right below its “& ldquo; zero & rdquo; recommendation line. Its once a week and monthly quick MACDs remained to remain below their corresponding sluggish MACDs the other day. Recently, this column commented that the FBM KLCI may organize a follow-through pullback to re-test its prompt disadvantage support (B3: B4) just before starting a moderate technical rebound. It didn’& rsquo; t happen by doing this. As an alternative, the index dropped throughout the assistance of its prompt disadvantage support (B1: B2). Next week, the FBM KLCI could continuously settle laterally to weaken its recent overbought market momentum. There is an also opportunity that the FBM KLCI might stage a re-test of its significant mental support of 1,800. The envisaged resistance area is in between 1,817 and also 1,850, while its prompt disadvantage support goes to the 1,775 to 1,809 levels.FinanceInvestment & & Business InformationBursa Malaysia