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FBMKLCI

November 13th, 2020 by dimpledbrain

  1. We last left the update on KLCI in early August
  2. Marked points 2 & 3 as a continuation of the previous post
  3. No timely update as I have changed my stock software and note now I could not see the volume (but let’s manage)
  4. At #3, I said it was bullish and to look out for a pullback after #3 to confirm the upmove. Subsequently the pullback ‘overpulled’ and wiped out entire gain at Point 2 ( the lower of the trading channel)
  5. 2 to 3 weeks after the last post, the price dropped precipitously until it got checked on 10 Sept. It then struggled around 1520 before dipping another low on 2 Nov
  6. At the current point, to blast upward, it needs to absorb the area 3, failing which it will go back (the max it will go) to the lower of the trading channel (before deciding to go back up or breaking down from there again)

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