| PpR3 | 1563.44 |
| PpR2 | 1561.14 |
| PpR1 | 1557.99 |
| Pivot Point | 1555.69 |
| PpS1 | 1552.54 |
| PpS2 | 1550.24 |
| PpS3 | 1547.09 |
| Open | 1549.49 |
| High | 1549.49 |
| Low | 1538.95 |
| Close | 1545.10 |
FBMKLCI open lower than yesterday close with a wide gap just below S2. It sagged below S3 in morning session before recovering by lunch time. The bearish candle form a gap bar, a second gap within six trading days.
The two gaps that formed recently is similar to the two upward gaps that occurred in mid June (see the oval shaded area).
With all the three MAs having a negative slope, the market is expected to register a further fall but in the immediate term I am waiting for the 20 Ma to cross yhe 50 Ma that will indicate the market is moving toward a bearish tone.
