Today' Session we have witnessed, Where; In the early session market have started with negative trend due to global sell off has been seen from last 4 consecutive day, but at the end we have seen some pull back ;Technical point of view we can see mkt have formed Bearish candle pattern on daily chart but responded very well to our said support zone, have seen some...
KLSE is looking a bearish for atleast next 2 years. Any rise towards 1650-1700 should be used to short with SL above 1750 (weekly close) for Target of 1000 & 920
As per last one month KLSE index trading in range of 1680-1720 just below 61.8% Fib retrenchment level of rise from July-18 to Aug-18. If index trade below 1700 level then fall to 1670-1660 level. Volume addition in selling suggest major delivery based selling happening.
As salam dan salam sejahtera traders semua. a gloomy gloomy week last week. sampaikan saya nak posting dalam trading view pun xde hati. yang mana keep on cut loss for this week, saya ucapkan takziah. take it as a lesson. x kena x tau kan? okay how's the condition of our index looks like? yang mana pakar chart pattern rasanya dah recognize pattern ni kan? YUP...
KLCI weekly chart shows the bullish trend is still in effect. short term price channel has formed with the index loosely trading within it. recently index has managed to close above the Bollinger Band mid band showing strength. Resistance area of 1910 for with a support at 1850 (or blue line "short term support"). If price unable to maintain above lower channel,...