Market Outlook Date:25/10/2020

  KLCI

KLCI is moving around the 1495 level that supported the market since September 2020.

MACD bearish crossover but the red histogram is small size so not that bearish for the moment.

If the MACD histogram remained small then we can looking forward for sideway movement.

On the other hand, stochastic just reached oversold level.     

DJIA

DJIA found an immediate support level at 28130 level, to go higher DJIA must break above the trendline.

From indicators view, MACD already bearish crossover but the MACD histogram also is small size so at the moment expecting sideway but need to monitor closely.

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