KLCI health check
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Many have worried on recent market sell down..
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lets see...
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quick analysis
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KLCI been on a rally since end of Dec-17 (first red circle), and Rally been continue on early Jan-17 (second red circle)..
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by adopting simple fibo retracement ...
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1812 and 1790 have act as good support level
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so long price hold above these 2 level, the bull is still with us
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by zoom out to the big picture, small healthy retracement is acceptable
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cheers, lets see how market react tomorrow, and we will update our weekly KLCI health check on Sunday
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May the trend be with you!
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trade safe!
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Follow our page for more instant update,
https://www.facebook.com/KLSELION/
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