Technical Analysis: Malaysian stocks are poised for a “steep correction”

(Bloomberg) -- Malaysian stocks are poised for a “steep correction” after the benchmark index’s Moving Average Convergence/Divergence indicator showed a “negative” signal, Maybank Investment Bank Bhd. said. “The next big move for the local market is down,” Maybank Investment said in a report today. “Sell stocks on rallies and step aside is our word of advice.”

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