Based on the daily chart above, we notice there is a sell signal (Red Diamond) on 20 June 2017. FBMKLCI have dropped -3.5% since the Red Diamond on iVSAChart. The selling continued follow by the confirmation of 4 Sign of Weaknesses since October 2017.
Currently we prefer to wait for Sign of Strength to form in iVSAChart for FBMKLCI with the evidence of Accumulation for market stages. A green diamond would be the best for confirmation of trend reversal.
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Disclaimer: This post is meant for information sharing. It does not served as trading ideas for buy or sell. Please do your research and practice prudent risk management as you are responsible for your own decisions
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