Wednesday, August 12, 2015

KLCI: 1500 Coming Next!

KLCI 1500 level in the making! 

YES, if fail to breakout from 168x in short term.

I expect a rebound from this level 161x as technically is oversold. 
Recommended to sell stocks upon rebounding/reaching 168x-1700. 
Watch for any breakout or failure is recommended before any buy entry.

Overall short term market is bearish as for now... :-(

Good Luck!


Akash Jayant said...

Malaysia has seen the 20% lose of its quality against the dollar this year and a 9% fall in its stock exchange.

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Trading Advisor said...

Eye on Stock -

TAMBUN Indah Land Bhd (Tambun, 5191) established a record high of RM2.64 on July 17, 2014 after a massive rally.

Slightly more than two months later, a futile try to penetrate the historical peak witnessed its shares dropping from a high of RM2.62 level to a two-year low of RM1.16 on Sept 2, last year on extended correction process.

The downtrend lasted one year, followed by a moderate rebound, attempting to heal. But it could not attract follow-through interest and hence, the bulls abandoned the idea at the RM1.49 level in late October last year.

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Tony larkin said...

Malaysia market is not steady these days. Its going up and down. But various stocks showing some positives these days. So,Malaysia market will be better in coming days.

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