I’ve said recently that I would try to avoid writing another financial market update, but, I’ve relented, and here we are, again, with another post about the financial market – the KLCI to be specific. This year has been an interesting one on the stock exchange. Despite moribund overall economic outlook, the stock market has…
Tag: candlestick
Technically speaking – Corona, what corona?
Two weeks ago I ‘forecasted’ that the market would head upwards to 1470 before making a slight pause. Well, it did just that – it went to 1470 on the 29th of May and paused – mainly because the market closed. The next couple of days, it just sailed upwards, seemingly not wanting to look…
Technically Speaking – an update
It’s been quite a bumpy ride since my last entry around about two weeks ago. The market has closed the gap at 1420, and has retraced since then, bouncing at 1370 before attempting to breach the resistance at 1420, once again failing. Yesterday, the market closed down about 30 points, hovering at the Fibonacci support…