HunterMIKEEEE
Short

FBM KLCI - Bearish Divergence

FTSEMYX:FBMKLCI   FTSE Bursa Malaysia KLCI Index
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.

Trade active
Trade closed: target reached

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