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Wednesday, July 14, 2021

FKLI TRADING : 293) building base but not confirm reversal yet

FKLI TRADING : 293) building base but not confirm reversal yet

this is number 293...
after breaching below the strong 1550 support level , fkli july has been trading below it since...the recent move is...hovering below 1515 and reached low at 1500...1534 has to be breached to confirm a reversal...till then, still a sideway market with bear in charge...bull has lost its fight and not sure when it will return...
IF you are keen on fundamental analysis , then watch out for mco uplift, covid-19 situation in Malaysia, political uncertainty, etc...
but normally, before the news come out, price action already made the move...that's why, I am not a fan of fundamental analysis ...
it is not the bad news which "kills" the market, it is usually the uncertainty...so sideway market breeds advanced pattern , so if thr is any, I shall update... gud luck folks...

*plan your trade and trade your plan... gud luck*

higher resistance : 1550

immediate resistance : 1523-1533

critical support : 1515

lower support : 1486

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