dimpledbrain

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FBM KLCI

July 19th, 2019 by dimpledbrain

  1. FBM KLCI has been on a downtrend since April 2018 and this is confirmed by Sept 2018.
  2. 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
  3. If it breaks above 1670 and can stay there, then it will form an uptrend (which needs to be confirmed later on)
  4. Let’s revisit this in 2-3 months’ time.

Why I’m doing this:

  1. Penning this down so that I can know the accuracy of my prediction
  2. For something to be useful, it must be predictable. So let’s see how far this can go
  3. Will be posting on individual stocks too in the future – so stay tuned
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