Bursa Mid70 looking weakGeneral analysis of the indices, the Bursa Mid70 looks weak. It went down 42 days and up 13 (which is around 1/3 of 42) retraced to 50%.
Expecting another down leg from here (as at June 14).
FBM70 Weekly Update - 03w05m19yFBM70 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 r
FBM70 Weekly Update - 02w05m19yFBM70 drop around 400pts (200pts previously) in last week and immediate support at 14250 pts is broken.
Uptrend remain intact on FBM70 until lower high is formed and maintain mid-term target at 15000pts. However, we pay foresee lower high will be formed soon and soonest since the support is broken.
FBM70 Weekly Update - 01w05m19yFBM70 drop around 200pts in past 4 days. RSI and MACD are diverged with the price.
Uptrend remain intact on FBM70 until lower high is formed and maintain mid-term target at 15000pts. However, we pay attention to the divergence on RSI and MACD.
Immediate resistant - 14600pts
Immediate support - 1
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
