Market Outlook Date: 07 Dec 2020

    KLCI

30 Nov 2020 to 4 Dec 2020:

KLCI formed lower low and higher high equal to sideway, we can see expanding triangle pattern.

Additionally, Friday KLCI formed bearish harami pattern, need to watch out. If KLCI didn't breakout from the triangle then it likely to go south to meet the lower line of expanding triangle.

At the moment, we see KLCI as sideway unless it breakout from the triangle.

Support at 1620, 1590, 1560

Resistance at 1660, 1690

DJIA

Wow! DJIA formed higher high with all time high record at 30,218.3.

On Friday, DJIA formed bullish doji sandwich pattern, bullish sign.

DJIA need to go higher to avoid forming bearish divergence with indicator which is a weakness sign.

Since, DJIA supported by the right most trendline nicely, the trend is still good.

Support at 29900, 29200
Resistance at 30300, 31100

Welcome to join our Free Public Telegram Channel for Free Stock Watchlist & News Update:

https://t.me/MasketeerTafaInvest

MTF VIP Member Service are available, subscribe US NOW!

👉Live Market Trading Signal

👉VIP Member Stock Watch List

👉VIP Member Stock Clinic

Let us handle the analysis parts and you just focus on the entry and exit parts.

PM US at:

Telegram: https://t.me/MTFinvest5291

Facebook: https://www.facebook.com/MasketeerTafaInvest

Disclaimer:

All posts and documents submitted by the Admin in this blog are solely for open discussion and education purposes only. All recommendations and opinion provided by the Admin are solely for your consideration only and you should exercise your own judgement in forming your own investment decision(s). Please also be informed that all kind of investments have risks and we recommend you to conduct sufficient searches for information in addition to referring our recommendations and/or opinion herein, prior to making any investment decision.

You should take full responsibility of your investment decision(s) and we accept no liability whatsoever for any direct or consequential loss arising from any use of our recommendations and/or opinion provided herein or any solicitations of an offer to buy or sell any securities. Comments and opinions forwarded/shared/provided by members/followers/readers of this blog do not belong to Admin and we take no responsibility of such.