Week5_2018 KLCI bullish bias
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KLCI break above recent high (1841), our view remain bullish for week5...
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Click for image:
https://www.facebook.com/KLSELION/photos/a.854214074738461.1073741829.848454415314427/909815439178324/?type=3&theater
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New support at 1841, but a weaker one ... we would like to see if price can stay above 1841 firmly..(test support) before conclude it's a solid support ...
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If 1841 break, Next support would be 1812 and 1790..
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Market remain Bullish, so long price stay above both level 1812 and 1790 (1841 yet to confirm )
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no sign of bearishness...Thursday and Friday market is pretty bullish
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Resistance to watch
1867 , 1872, 1891 and 1896(all time high)
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as next week market would have short trading days, might have some retracement ...
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Indicator:
Moving average : mixed to bull
MACD : both line kissing , slightly bullish
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KLCI bullish doesn't mean all stock will FLY up,...
handle your trade with care
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May The Trend BE with You~
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Trade Safe!
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