FBMKLCI Weekly Update - 03w05m19y
FBMKLCI break the major support of 1600pts but closed 1605pts at the end of week. Rebound might happen (low chance) since RSI rebounded from oversold zone and price is diverged with MACD (lower price but no lower MACD).
Downtrend remain intact until higher low is formed.
Immediate resistant - 1617pts
Immediate support - 1600pts (mentally support) & 1572 (recent lowest)
Downtrend remain intact until higher low is formed.
Immediate resistant - 1617pts
Immediate support - 1600pts (mentally support) & 1572 (recent lowest)
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