Week26_KLCI health check
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click for image:
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KLCI finally break below 1700, at the moment no obvious sign of reversal....
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Long term:
Bearish
Mid term:
bearish
Short term:
bearish
Resistance:
1708 , 1729, 1750
Support:
1657 , 1617
indicators:
MA: bearish (price below all MA)
MACD : bearish
For longs, may consider to wait bullish candle break above 1708 , or wait at support 1657 or best entry is 1617
For shorts , your resistance is 1708 , 1729 , (entry / SL)
our view remain bearish on KLCI
KLCI bearish doesnt mean all counters must be bearish.....
note: on the other hand, what we notice...
*KLCI gap down , but closed green
*Friday majority counters are bullish.. (480 up, 350 down , 417 unchanged)
*oil is bullish...
*dowjones close slightly positive , although still unable to break above resistance
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trade safe!
may the trend be with you
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Created by elp25 | Nov 16, 2024
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