(ONLY FOR STUDY PURPOSES ON TECHNICAL ANALYSIS)
Price action on KLCI since december 2017 was great, really great, it went up to an intraday high of 1840 on January 9, 2018 from an intraday low of 1708 on December 5, 2017, up 132 points or 7.7%.
Looking at recent price fall below the Gann Line. Suggest that price velocity is slowing down. This might suggest that the correction on KLCI is still on going.
If klci fail to climb up to break 1840 previous high and get up above the 1/4 line, ,there is a possibility that klci will test 1821 and break down to go towards 1800 level.
There is a possibility KLCI is going to hit near 1800 level in between first or second week of february 2018. If price continue falling to a slower velocity line area.
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