Week28_KLCI health check
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price fail to touch our Resistance level before drop .......
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Long term:
Bearish
Mid term:
bearish
short term:
very bearish
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resistance:
1700, 1708 - 1730
support:
1670 - 1657
indicators:
MACD : weak (although crossing up)
Moving average : weak
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for this week, price did not hit our short as per our plan.... though we have spotted potential upwards in the mid of the week, but price could not go further to our TP, we have Breakeven n exit the long position...
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For short , please wait with patient......as price currently at support, you may wait at resistance or ,wait for price break below 1657...
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For longs,you may wait and see any reaction at support level.... we may need to wait monday's candle to decide...
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Our view on KLCI remain bearish...... waiting for valid Price action...
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May the trend be with you~
trade safe!
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