Last week my posting did mention the
downside will be limited. From the chart we can see the KLCI is moving
side way with up and down around 15 points (1,736 to 1,751). The
indicators such as MACD Histogram still flashes green with the hope that
the technical rebounds are still in the process.
After last Friday closing with a
candlestick "Hammer" appeared, we still have a good chance that this
coming week the KLCI might climb higher but one thing for sure we need
to have a long white candlestick to determine that the KLCI still have
some strength.
The world index indicators such as the Dow Jones Index and the Hang Seng Index. These two index seems to be fragile at these moments. They tends to show more weakness ahead and bearish also. Anything can happen to the KLCI at these moments. So be careful.
The world index indicators such as the Dow Jones Index and the Hang Seng Index. These two index seems to be fragile at these moments. They tends to show more weakness ahead and bearish also. Anything can happen to the KLCI at these moments. So be careful.
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