Wednesday, August 12, 2009

Revisit KLCI Trend Analysis



Started analyse KLCI trend since last week. Refer to my view dated on 5 & 9 Aug.

It came as no surprise with the current trend movement.

KLCI index close below the narrowing trend channel. Strong sign to stay out of the market for time being.

RSI trending downward and broke the 70 level and it's align with MACD bearish crossover slowly trending down.

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