2021-11-13 12:24:46
As you can see from the chart, #FBMKLCI has been playing around the 1518 support area for the past week, so it has been standing above the support nicely as well.
The small sideways back in 21 September to 5 October took almost 2 weeks to complete, only then the market began to rebound upwards. So history could be repeating itself once more.
For now, the market had only sideways for a week, so there is a chance for the sideways to continue for another 1 or 2 more weeks. However, a strong bullish candle formed back in Friday. And that is the first time in many days that our market finally had more gainers than losers.
Will this signal the beginning of the rebound we longed for? Or will the market continue to sideways for another week first?
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