dimpledbrain

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KLCI

September 23rd, 2019 by dimpledbrain

  1. From March 2018 to Sept 2018, a long term downward channel has been established
  2. In June and July 2019 this year, for the first time it tried to go above the supply line
  3. And it becomes very clear that in July 2019, there is no sufficient demand to sustain this move and so it dropped back to the current trading range of 1600-1590
  4. Therefore the bear is still in control now
  5. We need more evidence to assess if a change of behaviour is happening
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