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fightingdragons

FINANCE: Possible End of Cycle

Short
Bursa Malaysia Finance Index (MYX:FINANCE)  
fightingdragons Aggiornato   
MYX:FINANCE   Bursa Malaysia Finance Index
Trend Analysis klci pbbank cimb maybank hlbank malaysiastockmarket malaysia malaysiastocktrading
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trendanalysis klci pbbank cimb maybank hlbank malaysiastockmarket malaysia malaysiastocktrading
From 2003 to 2018, each cycle from peak to peak for FINANCE index lasts between 36-46 months. Recent high in early May 2022 is equivalent to 49 months.

Other indicators:
- Negative divergence on monthly chart (CCI)
- Similar negative divergence also appear on the monthly chart for big caps like PBBANK, MAYBANK, HLBANK, CIMB.
Trade attivo:
Broke neckline of H&S
snapshot
Commento:
Bear flag forming. Gap down from bear flag but push back up. 4pm selldown? Watch out for gloves going the opposite direction to banks.
snapshot
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