KLCI Downtrend Ending?

 

FBMKLCI Daily Chart

Daily chart shows KLCI has been in a downtrend making lower highs and lower lows. Technical sign however is suggesting that the downtrend could be ending when the MACD indicator broke above its last high (which correspond with the price last lower high to make a higher MACD reading). This will be confirmed when price broke above its last lower high at 1,535.73.

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