Tuesday, August 18, 2015
Continuing from last week market comment, the down wave to break below 1600 price level was done with substantial volume. Any breakdown of price with volume denotes large institutions selling are involved.
The KLSE market bar [a] is likely to continue until we see moderate sign of strength eg. Spring or stopping volume which may be 2-3 week from now.
Expect more selling to come.
See you next week...
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