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8:30pm Just to add on....
Should FBMKLCI not able to re-surface above BMB10 shortly, don't roll on your capital. It is recommended to cash out and preserve your capital for a lower price later... how soon?... May be when there is a next bearish reversal or bullish divergence detection... yet to monitor...
After 5:15pm FBMKLCI Closing:Short term FBMKLCI finally drops below BMB10. As mentioned during morning session, once below BMB10, trailing stop plans with respected to individual counter has to be executed accordingly in order to preserve your profit and/or capital.
FBMKLCI trending downward since morning until end of day and finally closed at 1458.08 (-16.67, -1.13%). The overall market traded volume is 999mil shares transacted with 221 up counters against 523 down counters. Within just today, almost all the indicators are starting to show negative biased. The next nearest possible support level is around 1450 and the next possible upside resistance is around 1465.
Since the FBMKLCI is confirmed closed below BMB10 today, any possible rebound subsequently could be the next opportunity for cashing out from the market for the meantime until FBMKLCI is back above BMB10 again.
7164 KNM (23-Sep, 3:00pm)Today is T+4. Should correction were to take place, may anticipate a possible support level around 0.440 or near BMB10. Trailing stop below BMB10.
3395 BJCORP (23-Sep, 2:50pm)Today is T+2. Anticipated support level around 1.08 or BMB10 or ema14. Trailing stop below BMB10 or ema31.
Bolton 1538 (23-Sep, 2:30pm)This counter seems resisted by the BB20 upper band temporary. Next likely price movement is side way then correct toward BMB10 or up swing after side way. One may consider to take profit first then re-enter when there is next up swing price movement. Short term trailing stop is yesterday low or BMB10, mid term trailing stop is ema31.
1619 DRBHcom (23-Sep, 12:30noon)Today is T+4 day. Currently the candlesticks formation indicates as "Bearish Dark Cloud Cover". Of course it could be further by end of day. The possible support range is 1.20 - 1.18 or dynamic BMB10. Short term trailing stop is below dynamic BMB10 and mid term trailing stop is below dynamic ema31.
5122 Kencana (23-Sep, 12:30noon)Today is T+2 correction. The possible support range is 1.65-1.63, and lower side could dynamic BMB10. Short term trailing stop is below yesterday low or below dynamic BMB10. Mid term trailing stop is below dynamic ema31.
10:30am FBMKLCI is mainly dragged down by the Genting and GenM, others like IOICORP, MAYBANK, CIMB, TENAGA, PLUS. A temporary support is around 1465 to 1463 (BMB10). Should further dip below BMB10, correction may continue perhaps until 1440. So execute your short term trailing stop below yesterday low or below BMB10 whichever apply in order to protect your profit and capitals.
