Week25_2018 KLCI health check
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click for image:
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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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https://t.me/KLSELION
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