Oct 11 - KLCI Index - Watch Resistance @1,720 & 1,750
<Short Term>
- shall see temporary weakness as KLCI failed 1,720 resistance test last week.
- R1,720 further strengthened by Shooting Star candle pattern on Daily.
<Mid Term>
- Index previously broke below a 3year-old slanted H&S pattern.
- H&S Neckline (now a strong Resistance) currently lies around 1,700 mark (as marked by Grey UTL) - is tested on Oct 02 & HOLDS.
- Immediate R1 @ 1,700-1,720 | R2 1,735-1,755
- Shall 1,720 level is reclaimed, strong R@ 1,750-60 will be the next prominent region to watch.
**P/S: Watch 1,720, then 1,750-1,760 region for next short.
- shall see temporary weakness as KLCI failed 1,720 resistance test last week.
- R1,720 further strengthened by Shooting Star candle pattern on Daily.
<Mid Term>
- Index previously broke below a 3year-old slanted H&S pattern.
- H&S Neckline (now a strong Resistance) currently lies around 1,700 mark (as marked by Grey UTL) - is tested on Oct 02 & HOLDS.
- Immediate R1 @ 1,700-1,720 | R2 1,735-1,755
- Shall 1,720 level is reclaimed, strong R@ 1,750-60 will be the next prominent region to watch.
**P/S: Watch 1,720, then 1,750-1,760 region for next short.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.