Market Outlook as at March 9

I've been asked a few times every hour for the last 2 days, "How high can this re-bounce go?" This post is intended to answer that question in order to make things easier for all. I think that this re-bounce could potentially test the psychological 1200 level and, if it can surpass that, it may re-test the 1216/20 level. Whether it can take out the latter (or, even the former), we will have to wait & see.


Chart: KLCI's daily chart as at March 8