FBM KLCI weekly chart - short term rebound
KLCI staged a breather from a sharp drop since early May after failed attempt to break and close above 1900 level. Short term uptrend with Resistance set at R1 and R2, if momentum continues, might signal a comeback. But for now, bearish trend still in effect.
Note
Change word "short term uptrend" to "short term technical rebound "Note
Bullish confirmation once index above 1800.Note
Bullish confirmation once index above 1800 or back above blue trendline.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.