KLSE ended sharply lower with a long black candle. Prices violated the immediate support at 1141 and closed with double digit losses. Market is approaching back to the downtrend line after prices failed to hold at 1164. As for now, support is at 1116-1112.5 (gap left over on end July). Resistance is at 1140-1150.
Tuesday, August 5, 2008
KLSE extended its losing streak
KLSE ended sharply lower with a long black candle. Prices violated the immediate support at 1141 and closed with double digit losses. Market is approaching back to the downtrend line after prices failed to hold at 1164. As for now, support is at 1116-1112.5 (gap left over on end July). Resistance is at 1140-1150.
