FBMKLCI vs M0/M1
With money supply theory:-
M0 = cash in hand
M1 = cash in hand + Checking Account balance/Current Account Balance
With the movement of M0/M1 @ 01/01/2017, FBMKLCI entered a upward trend for past 6 month period. Thus, we able to conclude that MO/M1 is positive related with FBMKLCI moving.
In July 2017, M0/M1 shown lower record which matched with FBMKLCI moved downward started in July.
Thus, FBMKLCI wish to challenge higher level in future need to rely on M0/M1 movement.
Triangle pattern with bearish, FBMKLCI dropped near to 0.84%
However, it recover back to resistance(1).
RSI is sloping upward
MACD indicated positive buying momentum.
Therefore, FBMKLCI need to have consolidation phase with narrow moving within resistance(1).