The weekly trend is bearish bias (continued). The MACDH form 7th bar above zero. Weekly ending at 1631. Looking at the trend (MACDH), no Santa Rally for the last week of the year!

MA9 and MA16 had been the price resistant for this week. The price continues to close under the MA Lines, this gives a hint that we must have to be cautious on Long. Currently, TKM v1.2 has not detected any signal but do monitor closely next week because the MA lines are almost touching each other!

We will continue to monitor for the fresh signal.