Johnkiew

FKLI - Sideway around 1790.5

Johnkiew Updated   
MYX:FKLI1!   FTSE Bursa Malaysia KLCI Futures
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.
Comment:
Price moved new low and break 1784, it reached 6 Sep projection target 1767.5.
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