FBMKLCI managed to stay above the lower trend line until the last trading day before the long Lunar New Year holiday. Will the index starts to slide after the long holiday ?
I think chances is high that it will move lower until the General Election is over. Assuming that it will punch through the lower resistance line, a possible wave count is as shown below. The last high is the end of mini wave v, a higher degree of correction has already started since the last high.
Thermal Effect of Mobile Phone.
Don't play play.
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