Week12_2018 KLCI Re-test minor Support
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let's see!
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click for image:
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KLCI price bounce from minor support we mentioned on Week11, and rejected by 1864, currently stays above our minor support .. which is at 1844-1837 zone , with slightly higher volume.... we are slightly bullish on KLCI
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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 : slightly bullish
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...with SL below support..) ... or... wait at previous strong rebound zone .. which at 1790-1815
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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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