Tuesday, June 2, 2015

Technical Rebound Likely To Happen This Week???


It seems that the technical rebound that we are looking for is likely to happen this week. Not really sure when it will happen but the downside is limited but the chart and the sentiment looks very bearish.

Candlestick still didn't show any sign whether there would be a rebound? No body knows. Whether the index will climb towards 1,774 point will be another issue. Anyway stay alert.

We need another confirmation on the next trading day of closing to determine whether the technical rebound is in the making. This assumption was based on our KLCI have already have 10 days "Black Candle" and a MACD Green Histogram appeared yesterday. A white candle would be better for today closing.

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