BURSA MIGHT PULLBACK TO PREVIOUS DEMAND ZONE

Here's the updated market structure for KLCI. As expected, KLCI recovered which very fast as the investors already have confident to participate in the market. On the fundamental side, we can see the efficiency of Malaysia government to tackle the issue of COVID-19 and the announcement of Stimulus Package in order to recover the economy. For this moment, it's hawkish for the investors perspective and the price might be pullback to the previous demand zone before continues bullish . Last but not least, on the technical side shows the major trend still trending uptrend as we are still above the EMA 200 as well as respecting the trendline . So, let us wait to see how the price react.