Bull and Bear

Week25_2018 KLCI health check

Week25_2018 KLCI health check
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click for image:

https://www.facebook.com/KLSELION/photos/a.854214074738461.1073741829.848454415314427/992916954201505/?type=3&theater

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as previous week market only have 3.5 trading days with low liquidity, not much data we can analyze from there, but what we can see is , market is ding dong in 1700 - 1800 range... at the moment it is at middle of nowhere , Long or Shorts will get trap, it would be better to wait at " red " or "green" zone to execute your trades
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Long term:
Sideway - Bearish

 

Mid term:
Slightly bearish

 

Short term:
bearish

 

Resistance:
1800 , 1814

 

Support:
1725 , 1708 , 1700

 

indicators:
MA: bearish (price below all MA)
MACD : bearish , although crossing up

 

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

For shorts , your SL is 1814.. or wait price to break below 1700

our view remain sideway-bearish on KLCI

 

trade safe!

 

may the trend be with you

 

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