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.
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Updated ( 11/4/2019) FBMKLCI Weekly Ascending Trendline broken.. Bearish sentiment confirmed w long term selling signal
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