The FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) futures contracts on Bursa Malaysia Derivatives moved in line with the lower cash market performance, dealers said.
Spot August 2009 fell 6.0 points to settle at 1,179.5, March 2010 contract declined 5.5 points to 1,177.5, September 2009 decreased 5.5 points to 1,170.5 and December 2009 slipped 5.0 points to 1,163.5.
Total volume eased to 5,016 lots from 5,667 yesterday while open interest rose to 21,359 contracts from 21,066 previously.
The underlying FBM KLCI went up by only 0.91 of a point to close at 1,184.88.
What Does Bearish Harami Mean?
A trend indicated by a large candlestick followed by a much smaller candlestick whith a that body is located within the vertical range of the larger candle's body. Such a pattern is an indication that the previous upward trend is coming to an end.
A bearish harami may be formed from a combination of a large white or black candlestick and a smaller white or black candlestick. The smaller the second candlestick, the more likely the reversal. It is thought to be a strong sign that a trend is ending when a large white candle stick is followed by a small black candlestick.
Spot August 2009 fell 6.0 points to settle at 1,179.5, March 2010 contract declined 5.5 points to 1,177.5, September 2009 decreased 5.5 points to 1,170.5 and December 2009 slipped 5.0 points to 1,163.5.Total volume eased to 5,016 lots from 5,667 yesterday while open interest rose to 21,359 contracts from 21,066 previously.
The underlying FBM KLCI went up by only 0.91 of a point to close at 1,184.88.
What Does Bearish Harami Mean?
A trend indicated by a large candlestick followed by a much smaller candlestick whith a that body is located within the vertical range of the larger candle's body. Such a pattern is an indication that the previous upward trend is coming to an end.
A bearish harami may be formed from a combination of a large white or black candlestick and a smaller white or black candlestick. The smaller the second candlestick, the more likely the reversal. It is thought to be a strong sign that a trend is ending when a large white candle stick is followed by a small black candlestick.
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