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.

Sunday, 21 August 2011

KLCI finding support at 1473

1473 is a critical support, break below, it form lower low and potential to dive further down.  All indicators show that the KLCI is bearish.  Stay sideline or cash out from stock market.  I'll closely monitor the trend, if it break above 1510, there could be a slight hope for KLCI to continue bullish.
Posted by XTrader at 08:01
Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)