KLCI/FKLI and FCPO technical update

The FKLI is in the midst of perhaps beginning a down trend.  But not yet,  due to the large volatility over the beginning of the month.  The market will still likely continue to trade in line with other markets until April, so a rebound is possible depending on how most markets react.

At the same time, the market isn't oversold, so buyers may want to wait longer, especially with the prospect of barely positive GDP in the oncoming year.

FCPO is also in the same boat as the market had the same volatility as FKLI.  Range trade is still the order of the day with wide supports and resistances.  200 day moving average seems like interim support as the market tries to turn the widely followed technical indicator upward.