Sunday, August 9, 2009

Continuation of KLCI Trend Analysis



Still maintain the point of possible trend reversal in the making which made earlier on Wednesday (5 Aug) despite having Fibo Level 50% breakout.

RSI showed there is a sign of weakening of KLCI upward movement. If the signal break through level of 70, the weakness is significant.

To further support it, if MACD bearish crossover happen and trending down.

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