Week7_2018 KLCI slightly bullish bias
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Had a volatile week on Week6... KLCI everyday make some gap, 
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click for image:

https://www.facebook.com/KLSELION/photos/a.854214074738461.1073741829.848454415314427/919270001566201/?type=3&theater

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Monday Gap down
Tuesday Gap down
Wednesday Gap up
Thursday not much changes
Friday Gap Down
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lets see what we see..
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if notice how each candle closed.... it was making a open low, but closed high.. (end of day buyers come in...).... from wat we can decode... market doesnt wants to fall...some big hands are supporting the market..
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Market seems like supporting at 1812-1792 zone...
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ofcause, next week , we would like to see if 1790 holds.. 
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Long term view :
Slightly bullish
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Mid term view:
Slightly bearish
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Short term view:
Bearish
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Indicator wise:
MACD
slightly weakening , but still in positive territory...
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Moving Average:
Bullish
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as the main catalyst are Dowjones... lets see wat we can see from there...
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market was dropping from 26,600 (high) to 23,200 (low)... and rebounded to 24,186 (friday closing).... as what we can see.. the "throwing"volume was not that "high"... and main volume comes from the low.. .it could possible make some rebound on next week...... 23,200 need to be holds for the upcoming week for the bull to fight back....
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short term are bearish bias,
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mid term & long term slightly bullish.
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this event (Dowjones & KLCI) could wipe off alot investor/traders with margin .. especially those over leverage... . 
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as next week will be short trading weeks... may expect low liquidity in the market... our view still positive with the market..
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Trade Safe

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