Tuesday, November 17, 2015

There Is A Chances That The KLCI Might Be Moving Forward?


After declining about 38 percent from the high created on 19.10.2015 (1,727.71 point) to a low on 16.11.2015 (1,644.29 point) based on Fibonacci Retracement reading, we might see a rebound after the KLCI manage to show more strength. Indeed the first hurdle that the KLCI must cross is the resistance at 1,697.00 point.
 
 
If this resistance can be taken out we might see a continuing of up trend but if the index fall below 1,644.00 point there might be heading to 1,617.00 points. 
 
No doubt the MACD still in selling signal but today MACD Histogram start to flash Green colour suggesting that the KLCI is gaining strength but the weekly Histogram still in Red colour.
 
From observation in the futures trade we can see that these two days whenever the futures FBMKLCI open at low in the morning session it will close higher in the evening trade however the trend still need to depends on how the Dow Jones Industrial Average is doing.

4 comments:

Unknown said...
This comment has been removed by a blog administrator.
CapitalStars07 said...

It is a well executed post . It is a helpful informative post. Thanks for sharing this great information.GET HERE free intraday tips

Arti Singh said...

Thanks for sharing such vagueness blog article with us in which there is authentic description about Financial Statement Manipulation. Please keep sharing more blog article with us.

Equity investment UP

Anonymous said...


Do you need a loan,We are Legitimate and Reputable money Lender.
We are a company with financial assistance.We loan funds out to individuals
in need of financial assistance,that have a bad credit or in need of
money to pay bills,to invest on business. I want to use this medium to inform
you that we render reliable beneficiary assistance as I'll be glad to offer you a
loan. Services Rendered include,
*Debt Consolidation
*Business Loans
*Personal Loans
Please write back if interested with our interest rate
of 0.2%per annual. Upon Response, you'll be mailed a Loan application
form E-arabcreditefirm@gmail.com