Analysis:
Weekly price closed @ RM6,353PMT (-180) Price move in larger range; went up towards the dotted trendline in the daily time frame and closing on Friday downwards.
Indicators: -
Value Chart: neutral
EMA-13 Line: neutral
RSI: neutral
Weekly candle (see pg.2): Price showing a stronger bearish momentum as Friday closing price went down sharply.
Next Week: Price seems narrowing ranges between the top dotted trendline and the Base trendline in the daily chart. Bearish momentum may continue to 6100 level or further - reversal zone; then move in narrower range before breaking out.
Price range: 5900 – 6250 PMT
Weekly price closed @ RM6,353PMT (-180) Price move in larger range; went up towards the dotted trendline in the daily time frame and closing on Friday downwards.
Indicators: -
Value Chart: neutral
EMA-13 Line: neutral
RSI: neutral
Weekly candle (see pg.2): Price showing a stronger bearish momentum as Friday closing price went down sharply.
Next Week: Price seems narrowing ranges between the top dotted trendline and the Base trendline in the daily chart. Bearish momentum may continue to 6100 level or further - reversal zone; then move in narrower range before breaking out.
Price range: 5900 – 6250 PMT
Trade closed: target reached:
Structure completed for now