ZLBT Chats

Thursday, September 3, 2009

Watching the red line

So far, our local FBM-KLCI has yet to trigger any key bearish indicators. However, we are watching two short-term lines closely which are the red 30-day and the orange 50-day MAV lines. If the FBM-KLCI breaks below these MAV lines, it could signal a short-term negative wave ahead. For now, the KLCI’s outlook remain stable, as long as it stays above these short-term lines.
HAPPY TRENDING FOLKS !!!

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