Wednesday, December 20, 2017

Weekly Market Outlook for FBM KLCI by iVSAChart - 20 December 2017




Based on the 6 months period daily chart above, we notice there is a sell signal (Red Diamond) on 20 June 2017. FBMKLCI have dropped -0.46% with a closing price of 1780.71 since the Red Diamond on iVSAChart. The selling continued follow by the confirmation of 4 Sign of Weaknesses since October 2017.

Sign of Strength was noted on 12 Dec 2017 revealing green diamond which confirms trend reversal with closing price of 1737.66 on 13 Dec 2017.

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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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