Since our first observation MSCI Malaysia index fund is almost 5 months of working out the bullish outlook and did not show significant signs of reversal. During this time, the yield on the instrument was about 23%. However, in the last 3 weeks the market due to many factors began to lose focus, and the uptrend has come under question. Accordingly, it is necessary to determine whether it makes sense now to record profits on the fund, or a false alarm.

on the daily chart we see that the price has broken down recently, the extreme of the Fibonacci fan lines, median line fan Gunn as “surrendered without battlefield. This gives a hint that the medium-term trend reversal may be already in motion. Fibonacci Retracement Levels indicate the goal of reducing at $ 10,1.

Source - Reuters

system indicators Ichimoku makes clear the following:

• uptrend is lost, the market went into the channel (the price fell in the “cloud” Line Tenkan Sen moves almost horizontally);
• signals are available for sale and signs of trend reversal (line Chinkou Span crossed the price down, the price dropped below the line Kijun Sen);
• on the “cloud” the level of support for $ 10,3, resistance - $ 10,7. &amda2p;lt;/ul> Source - Reuters

  Other indicators generally confirmed the imminent decline: the fast moving average dropped below the slow, fast Stochastic crossing the slow down, RSI is directed downwards, in directional system is below the DM-DM, they said the difference on enhancing the downward direction, MACD crosses the zero line from the top down).

  Source - Reuters

  Thus, there were all signs of the medium-term trend reversal, particularly clearly visible signals to sell for short-term trading. The immediate aim of reducing - mark $ 10,1.

   

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