Friday, December 5, 2014

KLCI and FCPO tech analysis with some failed trend lines

Lets take a look at FKLI.  If I was a betting man, I'd suggest the FKLI may be due for a short term rally or slow down in price.  We are approaching failed trend line at the bottom.


In FCPO I can't really discern much from the failed trend lines.  but despite the helter skelter trading sessions over the last few days we still are in a downtrend according to daily time frame.  RM 2,190 looks like top side resistance for now.

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