Market Rebounds from Yesterday’s Weakness
The market rebounded today following yesterday’s weakness, with the Market Momentum Tracker climbing back close to positive territory.
The short-term trend has returned to a healthy level, with over 50% of stocks now holding above their short-term moving averages. However, both the medium- and long-term trends remain in a downward trajectory.
Additionally, the breakdown count still exceeds breakouts, indicatin...

Market Marks a Weaker Session Compared to Last Friday
Today’s session was weaker than the last trading day, with the Market Momentum Tracker falling into negative territory. Despite this, the short-term breakout count remains positive, with more breakouts than breakdowns.
However, the long-term trend still sits in negative territory, indicating that breakdowns continue to outnumber breakouts over a longer time frame. Most stocks retraced today followi...

Market Continues to Improve with Bullish Momentum
The KLSE market is showing continued improvement, gaining bullish momentum. The Short-Term Trend Strength has improved, with 55% of stocks now holding above the short-term trend.
The Market Momentum Tracker has remained in positive territory for the second consecutive day, indicating that the market is sustaining its momentum from the previous day.
For the first time since the end of July, we are obser...