I see a possible head & shoulder formation in the KLCI. 1090 is a crucial neckline support. The question now is whether there will be a bounce off 1090 or penetration of it. On 21/07/2008 there was a bounce off 1090, will we see another bounce? If there is a strong breach of 1090 then be prepared to see more downside in the KLCI.
Friday, August 15, 2008
KLCI. Brief Comments
I see a possible head & shoulder formation in the KLCI. 1090 is a crucial neckline support. The question now is whether there will be a bounce off 1090 or penetration of it. On 21/07/2008 there was a bounce off 1090, will we see another bounce? If there is a strong breach of 1090 then be prepared to see more downside in the KLCI.
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