Week51_KLCI more on bullish bias
if u got follow our last week post, we have inform that we notice some bottoming sign.. n there it goes, KLCI break both 1730 and 1750 Resistance.
currently both act as important Support
Indicator:
MACD : though still below zero line, its shows strong upmove
Moving Average: price above most MA, bullish
*as indicator is laggard, it may take weeks to show the "confirmed" momentum.
hence we are using 1750 and 1730 as a defense,
*note: KLCI strong doesnt mean u can LONG all the counters.
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May the trend be with you~
Trade safe guys!
http://klse.i3investor.com/blogs/BullandBearfb/141700.jsp
