Based on the chart reading the Dow Jones
still didn't show any sign of continuing up trend. If we take a look at
the chart, each of the high (3 previous high) created for the past two
months have not been penetrated.
If the last high wasn't taken out, we
have to be careful in this new beginning of new year trade. It has been a
volatile trading for the past one month with up and down. MACD
Histogram just started to flash RED suggesting some weaknesses ahead but
it is still early to tell.
For the KLCI, the indicators reading
still look positive. At these moments a correction might set in after
some huge surge over the past one week. The resistance of 1,697 need to
be taken out before another resistance of 1,727 set in.
http://malaysianshares.blogspot.my/2016/01/dow-jones-not-showing-sign-of.html
