Saturday, November 14, 2015

KLCI Might Be Facing More Selling Pressure Next Week


As we can see yesterday the Dow Jones Industrial Average was down another -203 points with the MACD Histogram Still flashing RED colour. Indeed we can see the Dow Jones is getting weaker.
 
With Dow Jones weaken, the KLCI also get affected. If we look at the KLCI chart the indicators not really promising with sign of more selling pressure going to happen next week.

 
 
For weekly indicators the MACD Histogram also start to flash RED colour indicated that we might having a very bad week ahead. Just be careful. Our Ringgit also weaken and it is not good for the Malaysian share market as well as the oil prices also plunged heavily. 

1 comment:

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