Chart 1: FBMKLCI's weekly chart as at Jun 22, 2018 (Source: MalaysiaStock.biz)
Chart 2: FBMKLCI's weekly chart as at Jun 22, 2018 (Source: MalaysiaStock.biz)
Many are anxiously watching the technical picture for DJIA. this index is approaching the 200-day moving average line at 24250 as well as the long-term uptrend line, SS at 24000. A break of these supports will bring out even more selling that may end a fine run. Until then, we will have to wait and see how this index will perform in the next few days.
Chart 3: DJIAs weekly chart as at Jun 22, 2018 (Source: Stockcharts.com)
Based on substantial decline over the past few days, I believe our market could be poised for a technical rebound. If you wish to reduce position due to uncertainty in the market, the best time to do that will be on a rebound. Good luck.