KLCI is likely to re-test the medium-term uptrend line

Looking at the chart below, I believe that the KLCI is poised to test its medium-test uptrend line at the 1140 level next week. This is a very important support level and if the KLCI were to breach this support, the entire bull run would come to an end. I believe that this support level is likely to hold.


Chart: KLCI's daily chart as at March 1