FBM Bursa Malaysia Indices - Bear Power !

On 8 July post, we highlighted that FBM Hijrah Shariah Index had broken all the S-Trader Trend Tracker support levels except for FBM Small Cap and Emas Shariah Indices which were close to break the final S-Trader Trend Tracker support level. Also, we noted a potential sign of bear taking over the bull.

Below are the latest daily charts as of 11 Aug 2017 lunch break.

After all indices stated above broke all the S-Trader Trend Tracker support levels last month, there were no sign bull reversal since then.

Daily chart of FBM BM Small Cap. 

Daily chart of FBM Emas Shariah.

Daily chart of FBM Hijrah Shariah.

Related posts :
1) FTSE Bursa Malaysia Small Cap Index (FBMSCAP - 8641) - Sign of Weakness ?
2) Asia Investors get picky as earnings estimates weaken
 
Note : S-Trader indicators/tools are not part of Metastock software package. It is our proprietary system/tools. If you have any further inquiries, please feel free to Contact Us. 

Source : 
1) Metastock