Tuesday, August 18, 2015

FBMKLCI Got Potential To Rebound?


Judging from the total points the KLCI has drop, technical rebound was just around the corner. From the last peak of 1,730 (05/08/2015) till today the KLCI has drop about 170 points. Based on yesterday closing we still didn't see any technical reversal pattern that is taking place.
 
Today closing will be very important to determine whether the FBMKLCI will have a technical reversal in the making. For the first target of rebound if do happen will be around 1,595 point.
 
Overall market sentiments still bearish. As long as our Prime Minister still managing the country, the economy won't be good and we might have prolong issue concerning the currency.

1 comment:

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