FBMKLCI had been performing quite well for the past few weeks. Lets take a look at the monthly chart.
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| FBMKLCI Monthly Chart |
When we look at the monthly chart, actually we can see a head and shoulder pattern. This head and shoulder pattern is a bearish pattern. The neckline is also the support, stands at 1670. The difference between the neckline (1670) and the highest point (1896) is 226. So from the neckline, the index is expected to break to 1444. (Luckily it did not go down to 你死死死 number； if so, we can collect a lot of fundamentally stock~ haha) I look at the support of 1670 as very important, after few months of hovering around there, finally in March 2016, we are breaking through, hopefully in April, we can firmly stand above the support line.
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