dimpledbrain

The conceptual framework for a man's search for meaning

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FBMKLCI

May 22nd, 2020 by dimpledbrain

It was exactly 1 month since our last update. So far, FBMKLCI has followed the path exactly as how we have described it. What’s next?

  1. The max this uptrend can go (max, doesn’t mean it must go) is ~1550 before a change in trend.
  2. There is a cluster of support around `1380 to 1390
  3. So price will oscillate between these Resistance (#1) and Support (#2)
  4. When price nears either of these 2 lines OR when price coils into a clusters of closes (like #2 above), then we shall take a closer look at the price action
  5. Overall trend is still weak. Note my earlier posts since last year. And nothing has changed that fact yet.

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