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MartinTFWong
14 déc. 2018 08:40

FKLI Failed to Break Above Resistance Short

FTSE Bursa Malaysia KLCI FuturesMYX

Description

Based on 30 minute chart above, FKLI failed to break the resistance even with lots of Sign of Strength. The failed breakout mean lack of interest by Smart Money in long position. The bars subsequent close lower with Sign of Weakness (Sell-Off) show there is a chance Mark-down stage will continue.

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Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
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