Week20_2018 KLCI weekly HAMMER spotted...
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as too many noises in daily chart, we switched to WEEKLY chart for better picture...
https://www.facebook.com/KLSELION/photos/a.854214074738461.1073741829.848454415314427/971904769636057/?type=3&theater
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KLCI closed with a HAMMER alike pattern (note: it is only form with 2 days candle)
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By seeing on bigger picture, it is a uptrending market...
MAJOR support is at 1812-1796... hence, price above this level, market still got high chance to fight back..
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Price Action wise:
Slightly bullish, we are expecting market may trend higher, but watchout on the resistance...
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Indicator :
Moving Average : Bullish
MACD : Bullish . but slightly weakening
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Our current market is more rely on local politic/new government news/policy... hence, Dowjones might not have much impact/influences to our market in the short term...
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we expect market may have some bullish momentum..., BUT in the mid term wise, it might more on sideway within the green and red box...
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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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