Bursa market outlook: *The next leg down?*

Shares in China and Hong Kong fell yesterday offset by gains in Japan. The local benchmark FBMKLCI (KLCI) closed 10.91pts or 0.72% lower to end the day at 1,512.53. Sector-wise, it was a sea of reds yesterday with healthcare (-2.01%) and telecommunications (-1.51%) led the laggards. Trading volume fell to 4.82bn (5.42bn previously) while trading value also eased to RM2.80bn (RM3.21bn previously). Market breadth turned negative as 702 losers beat 343 gainers yesterday.

Yesterday’s fall saw the confirmation of the breakdown of its bearish flag pattern. The breakdown suggests that more selling may follow with the 1,500 psychological mark the next target. Strong support can be seen only at the 1,475-1,490 levels, which includes a Fibonacci extension target of 1,488. As long as the 1,533.80 level stays intact, the odds would continue to favour the bears in the immediate term. For this week, our portfolio remains in *risk-off mode*.

Gainers: 343
Losers: 702
Unchanged: 428

Got momentum m15 chart

..now its depend on company bizness..must think out new biz model with high demand products globally..dont depends on gov..gov only can collect tax from ur company n policy maker..

P.s.s..trader only play with chart

My ex company..haha..what happen now lysaght..not so much projects by gov now..only road maintenance routine by konsesi

This is the time to test our TA skill..btw who bought below 0.9 last week still hold and watch the show

The Bollinger Band Squeeze occurs when volatility falls to low levels and the Bollinger Bands narrow. According to John Bollinger, periods of low volatility are often followed by periods of high volatility. Therefore, a volatility contraction or narrowing of the bands can foreshadow a significant advance or decline. Once the squeeze play is on, a subsequent band break signals the start of a new move. <<<< Its happen at timeframe 1Hr

@Arcadicus..another news/catalyst.. long term biz is ok..short term good to reentry at lower price

Its all about news and catalyst to attract buyers

dont chased price..let the business run.. immediate support at 0.255/0.25..low risk if entry here..6% CL .. 17% Profit at TP0.325

Finally right time for istone..

Yeah.. catalyst needed to boost up price n demand

Short term tp 0.305..next long term is ok if hit 0.325 resistant b4

Im just using trial version of bursa station..its good in screening TA analysis and intraday volume ticker..which is u can see huge buying and selling volume for all stock on that day..

Anyone here using Bursastation Pro?