Wednesday, 2 November 2016

Felda Global, Over Sold

But the devil is in the MONEY flow index. The MONEY flow tracks how much MONEY is actually GOING into the STOCK via BLOCK buying.

Below is a table of FELDA's Relative Strength Index which is at an OVERSOLD position.

The MONEY flow shows that the amount of block buying into the STOCK is also weak.

Currently trading at the RM1.80 level, but do expect a fight back song from FELDA, at the RM1.74 downward RESISTANCE point