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Inandouthunter

FBM KLCI - Bearish Divergence

Short
FTSE Bursa Malaysia KLCI Index (FTSEMYX:FBMKLCI)  
Inandouthunter Updated   
FTSEMYX:FBMKLCI   FTSE Bursa Malaysia KLCI Index
Trend Analysis Support and Resistance Beyond Technical Analysis fbmklci Divergence
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trendanalysis supportandresistance beyondta fbmklci divergence
FBMKLCI is closed at a new 7-month (2020) high at 1,611.42

However, the price is making a higher high (HH), but the Relative Strength Index is making a lower high (LH). This indicates the current market action is losing its momentum and weakening, meaning it could soon change direction.

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