FBMKLCI Chart & Summary (CIMB)

The current wave 5(iv) appears to be in a shape of an expanded flat pattern. There is no change in our outlook for today. We expect to see prices start to run for its final push to complete 5(v). This rally could eventually take prices towards 1,580-1,595, where a host of Fibonacci targets currently are. We remain short term bullish on the index. Support is at 1,546 and 1,509, where the latter is critical to this uptrend.