Friday, April 17, 2009

KLCI: Riding Up The Hill

KLCI stage a mini bull rally in march after successfully taken out the resistance at 880 (50MA). Which bring the index touching 200MA at 970 level. I still positive on the curent trend as long as the index is hovering above 50MA level. A breakdown of below 50MA will bring KLCI to the new low which will hit below 800pts. At the meantime I see more upside potential for our market to move further up. Happy Trading!

[Previous KLCI Posting]
http://bursabulltrader.blogspot.com/2008/12/klci-1st-half-2009-rebound.html

No comments: