FKLI - Start of a bear market?
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FKLI Technical Update
- after the recent break of consolidation phase
- Market now at risks of breaking below a very critical ascending Trend line starting early year 2010.
- Critical Support seen at 1657.78 for KLCI
- Critical support for FKLISP at 1655
- A successful closing below this "critical support" is a strong selling signal, possibly signals the start of a bear market.
- For 1st mover, a sell stop below 1654 to 1654.50, do note setting a sell stop is risky. sell stop limit may help to prevent filled prices from slipping.
- Meanwhile safe short would be to wait for a successful closing below "critical support, pending a Inverted U pullback, with "new high below 1657.78 or below 1655 for FKLI.
Disclaimer : Idea sharing only, trade at your own risk
- after the recent break of consolidation phase
- Market now at risks of breaking below a very critical ascending Trend line starting early year 2010.
- Critical Support seen at 1657.78 for KLCI
- Critical support for FKLISP at 1655
- A successful closing below this "critical support" is a strong selling signal, possibly signals the start of a bear market.
- For 1st mover, a sell stop below 1654 to 1654.50, do note setting a sell stop is risky. sell stop limit may help to prevent filled prices from slipping.
- Meanwhile safe short would be to wait for a successful closing below "critical support, pending a Inverted U pullback, with "new high below 1657.78 or below 1655 for FKLI.
Disclaimer : Idea sharing only, trade at your own risk
Nota
Updated ( 11/4/2019)FBMKLCI Weekly
Ascending Trendline broken..
Bearish sentiment confirmed w long term selling signal
Penafian
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