Bull and Bear

Week19_2018 KLCI Bulls being engulf , BUT uptrend intact

elp25
Publish date: Sat, 05 May 2018, 06:00 PM
elp25
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Week19_2018 KLCI Bulls being engulf , BUT uptrend intact
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as too many noises in daily chart, we switched to WEEKLY chart for better picture...
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click for image:

https://www.facebook.com/KLSELION/photos/a.854214074738461.1073741829.848454415314427/967742973385570/?type=3

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KLCI 2 weeks bull (green box) being engulf by bear (red box)....
price isnt wanna go anywhere..
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BUT , if we see on bigger picture, it is a uptrending market...
MAJOR support is at 1812-1796... hence, so long price above this level, market still got high chance to fight back..
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Price Action wise:
Bearish

Indicator :
Moving Average : Bullish
MACD : Bullish . but slightly weakening
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AS next WEDNESDAY is election week, market may have a lot Huu-Haa with thinning volumes...... and Dow may not have too much impact to our market..
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we expect will have short term sell down, traders may wait at support level for LONGS..
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we will review again when price goes to level of interest.
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Trade Safe guy~
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MAy The trend be with you~

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