FBM KLCI - Bearish Divergence
Updated
FBMKLCI is closed at a new 7-month (2020) high at 1,611.42
However, the price is making a higher high (HH), but the Relative Strength Index is making a lower high (LH). This indicates the current market action is losing its momentum and weakening, meaning it could soon change direction.
However, the price is making a higher high (HH), but the Relative Strength Index is making a lower high (LH). This indicates the current market action is losing its momentum and weakening, meaning it could soon change direction.
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