Doji appear last night and this could be a reversal sign. It tested the low @ approx 1084. Keep an eye on the Bursa-KLCI. The KLOFFE will be affected heavily on how the KLCI doing today.
Browsing KLCI™
Bursa KL Composite Index Monday 14-July 2008 Outlook
Posted by David Kong in July 14th, 2008
The KL Composite index (KLCI) is forming a saucer shape. This is indication of a bullish trend. However the up trend could just a technical rebound as 20 days Moving Average, (Blue-Medium Term) and 50 days Moving Average (Yellow, Intermediate Medium Term) are still above the price.
The next resistance will be approximate. 1157. However a [...]
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- Bursa CPO - Possible Reflection Point
- Bursa CPO - This is the reflection point
- Bursa CPO - it is just too weak…
- Bursa CPO - lossing strength..
- Bursa KLOFFE - Still looking at short
- Bursa KLOFFE - Down Trend if break 1800
- Will be back…
- Bursa CPO - STOP LOSS still intact..
- Bursa CPO - Trail STOP LOSS to 1837
- bursa CPO - Stopped out! Turn SHORT!
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David Kong