The FBM KLCI started the 1st trading day of 2012 with a 17.19 points decline and closed with a black candle after the 7-days winning streak. I posted in my last post that some of my indicator indicated there will be a pullback in the near term and i got the confirmation today. Support can be found at 1490 - 1502.
Technical perspective : Longer term outlook for the FBM KLCI, i will expect the index to go beyond the previous all time high 1597 to 1607 in the second half according to my fibonacci price projection.
No comments:
Post a Comment
Note: only a member of this blog may post a comment.