
- FBM KLCI has been on a downtrend since April 2018 and this is confirmed by Sept 2018.
- Looking at the current chart with the trend channels i drew, i think it can go to as low as 1550. It will first touch 1640 (mid channel) for this to be true
- If it breaks above 1670 and can stay there, then it will form an uptrend (which needs to be confirmed later on)
- Let’s revisit this in 2-3 months’ time.
Why I’m doing this:
- Penning this down so that I can know the accuracy of my prediction
- For something to be useful, it must be predictable. So let’s see how far this can go
- Will be posting on individual stocks too in the future – so stay tuned
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