FBM70 Weekly Update - 03w05m19y
FBM70 drop around 200pts (400pts previously). Rebound might happen (low chance) since the RSI rebounded from oversold zone.
FBM70 formed a lower high during this week. We see a downtrend will be started as the lower high formed after the price fail to stay above previous support (13900pts) during rebound.
Immediate resistant - 13900pts
Immediate support - 13550pts
FBM70 formed a lower high during this week. We see a downtrend will be started as the lower high formed after the price fail to stay above previous support (13900pts) during rebound.
Immediate resistant - 13900pts
Immediate support - 13550pts
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.