FKLI have not moving our from range 1785 - 1796 since 5 Sep. In the daily chart, this price zone was crucial support at 61.8% of previous impulsive swing. In FBM KLCI chart, price did not breakaway the 61.8% (1794). Expecting FKLI to continue sideway until breakout from the range. While without higher high set up, the entire picture remain bearish.
Note
Price moved new low and break 1784, it reached 6 Sep projection target 1767.5.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.