The push higher yesterday confirmed our bullish view on the index. We believe that the triangle has ended at 1525 and this is the start of a new rally. The FBMKLCI should continue on higher and is unlikely to face many headwinds ahead with minor resistance seen around the 1550 and 1565 levels. Prices should not fall below the 1525 levels if this rally is to materialise further. It is a buy now as we expect the index to rally to new highs in the coming weeks.
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