Market Outlook Date: 15/11/2020

 KLCI

Last week, KLCI managed to sustain above 1510 level and breaks above 1560 level.

Currently, KLCI seems like blocked by 1590 level and formed a hanging candlestick pattern on Friday. Furthermore, Stochastic at overbought region while the K% line and D% line getting closer with each other. 

So far everything still look good. Watch out for the bearish divergence signal. 

DJIA

Wow! DJIA formed higher high with all time high record at 29,933.

The gap going to be a strong support level as DJIA didn't close back the gap with 3 to 5 days from the first day of gap up.

Same here, the Stochastic at overbought region and flat. 

At the moment, DJIA looks bullish as it broken previous historical high. Watch out for bearish divergence signal.

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