Weekly Market Outlook for FBM KLCI by iVSAChart - 6 December 2017

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

Major & Minor Diamond Buy Nov 29, 2017

Major & Minor Diamond Buy

Major

SGX

Keong Hong Holdings Ltd
closing price LC 0.59

US NYSE

Wells Fargo & Co Common
closing price LC 58.55

US Nasdaq

Bloomin' Brands Inc Common
closing price 22.15

Major & Minor Diamond Buy Nov 28, 2017

Major & Minor Diamond Buy

Major

SGX

Oversea-chinese Banking Corp
closing price - LC 12.51

HKEx

L M HOLDING ORDINARY
closing price - LC 5.50

US NYSE

MGIC Investment Corp Common
closing price - LC 15.35

US Nasdaq

Sucampo Pharmaceuticals Inc A Common
closing price - LC 13.45

STI.SI (3-month period) - SGX Market Review

Red sell and green diamonds were spotted on this 3-month period. On Nov 21, 2017 line change was noted followed by T and SP. The market has moved above the 50MA support line since Nov 17, 2017. The Market Stage was red on Dec 4, 2017 which is not healthy for the SGX. A decrease in volume was noted today.

Major & Minor Diamond Buy Nov 27, 2017

Major & Minor Diamond Buy

Major

HKEx

CHINACOMSERVICE
closing price LC - 4.97

US NYSE

GCP Applied Technologies Inc Common
closing price LC - 32.75

Minor

HKEx

MEGA EXPO HOLDINGS LIMITED
closing price LC - 1.98

FTSE KLCi (3-month period) - KLSE Market Review

Red sell and green diamonds were not spotted on this 3-month period. On Oct 27, 2017 line change was noted. The market has moved above the 50MA support line since Nov 23, 2017. The Market Stage was red on Dec 4, 2017 which is not healthy for the KLSE. An increase in volume was noted today.

Major & Minor Diamond Buy Nov 24, 2017

Major & Minor Diamond Buy

Major

US NYSE

ALPS Medical Breakthroughs ETF
closing price LC - 31.67