Technical | Fundamental Analysis Discussion Stocks Listed In Bursa

Saturday, August 31, 2019

FBMKLCI: Chart and Comments 31 August 2019

FBMKLCI: Thought 1Q2019 already seen worst but 2Q2019 reported earnings not seem better as headwinds cont. to affect them.

The gov may have to step in with an expansionary Budget 2020.

Though results for coming quarters could be worse, companies which reported improving qoq and yoy are expected to perform ahead.

So stock picking remains key ...
Technical indicators are improving with slow stochastic indicate buy signal and MACD crossed the signal line.

Resistance is at 1626 followed by 1660. Support is at 1571 n 1550.
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