Bull and Bear

Week24_2018 KLCI health check

Week24_2018 KLCI health check
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KLCI rebounded from 1708 and resisted by 1800... seems like market found their new support and resistance.... and is going to be "ranging soon"...(yet to confirm)
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click for image:

https://www.facebook.com/KLSELION/photos/a.854214074738461.1073741829.848454415314427/984176988408835/?type=3

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Long term:
Sideway - Bearish

 

Mid term:
Slightly bearish

 

Short term:
Bullish

 

Resistance:
1800 , 1814

 

Support:
1725 , 1708 , 1700

 

indicators:
MA: bearish
MACD : bearish , but crossing up

 

For longs, may consider to wait at Support , or price to break above 1814...

For shorts , your SL is 1814..

 

our view is sideway-bearish on KLCI

 

P/S: as next week market will only have 3.5 trading days, follow with long weekend... fund managers , big traders are on holiday mode, .... expect market will have low liquidity..... 

 

 

trade safe!

 

 

may the trend be with you

 

 

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https://t.me/KLSELION

 

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https://www.facebook.com/KLSELION/

 

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