Bull and Bear
Week27_KLCI health check
Week27_KLCI health check
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.
price rebounded from 1657 on Friday, with quite a good volumes...... BUT...... currently we are still in bearish region....
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Long term:
Bearish
Mid term:
bearish
short term:
slightly bullish
resistance:
1700, 1708 - 1730
support:
1670 - 1657
indicators:
MACD : weak
Moving average : weak
...
For short , please wait with patient...... price could go as high as 1730...... lets wait....(weekly chart closed hammer look alike candle)
....
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.
For longs, you are too late to join the boat..... wait price re-test support , or , price break above 1730 fiercely..
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Our view on KLCI remain slightly bearish... seeing possible Technical rebound on upcoming days..
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May the trend be with you~
trade safe!
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