Bull and Bear

Week11_2018 KLCI Health Check

Week11_2018 KLCI stays at minor Support
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let's see!

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click for image:

https://www.facebook.com/KLSELION/photos/a.854214074738461.1073741829.848454415314427/935365376623330/?type=3&theater


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KLCI price been rejected by the sell zone we mentioned on Week9.... and the rejection are with slightly bigger volume... 
it currently stays at the minor support we mentioned on Week10.. which is at 1844-1837 zone....
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if minor support breaks , it would visit next support around 1790-1815 This would be a strong support to support the whole big trend.... (if break... market are more on BEARISHness..)
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Price action : Neutral
Moving Average : Bullish 
MACD : Slightly weakening but still above 0 Zone
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Long term, 
bullish.. 
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Mid term
Bullish 
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Short term
Slightly Bullish 
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traders may consider to enter at immediate support @ 1844-1837 (which is happening now.....) ... or... wait at previous strong rebound zone .. which at 1790-1815
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as Dowjones Friday closed bullish... we expect Monday Asia market sentiment are more on bullish bias....
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KLCI BEARISH doesn't mean all stocks are Bearish, Vice versa..
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Above Analysis is purely based on KLCI chart.. it is just a tools for us to measure overall market sentiment... should not be use as ENTRY/EXIT on individual stock...
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May The Trend Be with you~
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Trade safe!!
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