Based on my previous observation, KLCI was in the 5th wave rally. But the rally had weaken after it reach near the 4th wave low. The 5th wave had broken and now it will enter into the ABC wave downward.
In today trading, it has reach the very important support line at 1615 pt. If it closing with downwards breakout, the next support line will be at 1553 pt.
The...
FBM KLCI is standing at the support 1616 pt. This support line is the lowest since 2016 and if breakout downwards would see a support at 1548 pts.
On top of that, FBM KLCI is forming the Elliott 5th Wave downwards, we will see a reversal pattern or breakout of support at 1610 pts.
SUMMARY:
Downward -> Support at 1548 pts
Upward -> Resistance at 1729 pts
MYX:1155
Since Jul 2018, MAYBANK had entered into sideway after sharp declining from RM 10.88 to RM 9.00 in 1 month time. Since then, MAYBANK is trading within RM1.00 range (RM 9.00 - RM 10.00).
From my graph, as you can see, the MAYBANK is in a short term downtrend (A1 & B1 line). And in Mar 22, it had breakout downward of the short-term upward triangle...
