KLCI can go lower still

It seems that KLCI has not been seeing a good day yet.
And sunrise is not even on the horizon.
The price has been on the downtrend since May 2018.
So basically it has been on the downtrend for 1.5 years already.

On 29 Nov, it is still showing the downtrend based on Heikin Ashi candles.

Exponential Moving average is also sloping down.
Long term EMA 50 is below EMA 150, and EMA 150 is below EMA 200.

We need to see the price to break this strong resistant at EMA 200 for KLCI to start bouncing back.



Technical Analysis: Heikin Ashi