Monday, December 10, 2018

Market Outlook as at December 9, 2018

With each passing week, the global equity market looks more and more dicey. Same goes for our market. Our FBMKLCI is poised to break below the middle line (at 1680-1690) of the long-term upward channel. At the time of writing this post, FBMKLCI is down 16 points to 1664. Unless there is a quick recovery, the breakdown of this middle line will bring the index to the lower line at 1400. Be very careful!

Chart: FBMKLCI's monthly chart as at December 7, 2018 (Source:

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