Look at the gaps. Since it is oversold, most probably it will cover the gap at 1290-1300. Covering the gap at 1340-1345 will require some miracle at this moment. I think that there will be a rebound which you should try to reduce your position until a clearer picture emerges. After the rebound, the index should sell down to close the gap at 1235-1240. If you are still hoping for the bull to resume, then look for support at around 1200.
|FBM KLCI||Up||Neutral (-)||Down (-)|
|Finance||Up||Neutral (-)||Neutral (-)|