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: Malaysiastock.biz)
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