Financial Savvy
FBMKLCI & FBMSCAP Chart Analysis Week 2-2015
Downtrend did soften for FBMKLCI and FBMSCAP but overall it is still bearish. We have seen a short term uptrend witnessed by higher low in the chart pattern of both charts. MACD is still below zero line indicating bearish momentum.
FBMKLCI immediate resistance is at 1770 while immediate support is at 1708. FBMSCAP immediate resistance is at 15185 while support is at 14645.
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Ride The Bull Short The Bear
CS Tan
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
