Trend Runner Trading Adventure

Technical analysis is the forecasting of market prices by means of analysis of data generated by the process of trading. Technical analysis relies on the assumption that markets discount everything except information generated by market action, ergo, all you need is data generated by market action. Let's join and discuss the technical analysis in depth on particular stock with the traders all over the world.

Monday 5 September 2011

Will KLCI technically rebounce?



KLCI is forming W-bottom. If it break 1510 resistance, it'll bull further.  But due to bad market sentiment, it potentially ding-dong within the red channel and eventually downtrend.  RSI is touching 50% but it is too hard to break, potentially to retrace to find support at 30%. 
Stay sideline better than jump in blindly.




Posted by XTrader at 08:45
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