Malaysian Share Market Still Looks Quiet?

Another week has pass by still the Malaysian share market looks very dull. Even though we can notice lots of third liner counters are moving in random but still it didn't help our share market to be more active. The trends have totally changed compared 2 months ago. Is this a good time to speculate right now with the 13th General Election just around the corner (end of May or early of June)?

Usually when there was General Election around the corner, the share market always looks quite active with most of the Government link counters moving or traded heavily but this time around it looks quite different from the past.

Yesterday night I was having a chit chat with one of my friends and we were talking about the upcoming General Election. Who will win the games and who will rules the country? Basically our conversation ended up with there might be some major set back in the upcoming General Election because we do believe that most of the youngsters will vote for the Pakatan Rakyat.

No matter who will win the games if there was an announcement that the Parliament is going to dissolve, it is advisable to stay out from the share market. For the index, as long as the FBM-KLCI still manage to stay above the 1,560.00 points level then we might consider that the index still in the safer zone.

Double Top For FBM-KLCI? Any Dangerous Sign???

Looking at our current market right now, it seems that we are having tumors in most of the counters. No doubt we can see the FBM-KLCI making new high for the past 2 to 3 weeks but most of the counters didn't show any sign or any strength to move. The share market still looks alive but too weak to move.

Looking at the share market transaction for the past 2 weeks, the transaction also declined rapidly with no more interest from speculator player to play with. With this kind of movement and transaction, it seem quite dangerous to play or to invest at these moments as we can see the FBM-KLCI is coming down from their recently high after creating DOUBLE TOP. At these moments it is important for the FBM-KLCI to hover around these level before attempting to make a new high and break the Double TOP.

If not this is not a good sign after recently reaching at high and performing DOUBLE TOP. Usually this kind of chart pattern looks quite bearish. Just becareful whenever we trade. If the overall share market turnover still below 2 billion, I don't think it is a good share market to trade with. The share market seems to be too quiet. Staying at the side line would the best choice. Right now we need a market leader in order to move the share market but we can't find one right now.

FBM-KLCI Consolidating ???

These two days the Malaysian share market seems to be quiet. All the sudden most of the active shares has stop their momentum. The FBM-KLCI still look nice and it didn't show any sign of downturn but the candlestick show a bit sign of negative signal. Maybe heading for consolidation or maybe some correction.

Still it didn't means that the share market has ended its run. If we take a look on most of the speculation shares, it seems that most of the counters have started or heading for correction after recently run up. Some might even moving side way for consolidation. Hopefully most of the speculation counters are resting for a while before continuing another leg to move up.

At these moments, current share market turnover still consider normal with daily turnover still exceeded 2 billion shares traded. As usual the FBM-KLCI must not break the 1,530 points as this level would be consider their strongest support.

FBM-KLCI Attempting To Break All Time High ?????

We are entering in the year of Dragon but it seems that this Dragons were lack of powerful shots. No doubt we can see some trading opportunity each and every day with rotational movement, the firepower was not strong enough.

Looking at the current sentiment couple with the worldwide equities market movement, it looks like our share market still have more opportunity to trade with. Right now we are trying to move into Bulls Run with recently turnover created 2 billions to 4 billions share traded. But can we call it is a Bull Run?

Current sentiment looks very stable with trading opportunity still well pressured. Usually after Chinese New Year, the share market will move slightly higher before it losses its steam. Right now we will set 1,530 points as Main Supporting line with the Major Resistance line stand at all time high of 1,598 points. A break of that level will create a new high for the FBM-KLCI. We think that current government (Barisan Nasional) or 1Najib or 1Malaysia will try very hard to push the FMB-KLCI to break a new record high. This might be the last push before the next coming election set in around end of First quarters or Second quarters - mid of this year. Rumurs now running very high that the 13th General Election is very near now.

Happy Chinese New Year 2012.

Gong Xi Fa Cai

FBM KLCI Consolidating For Chinese New Year Holiday?

Happy New Year to all my readers. Sorry for not posting for quite sometimes due to my work load. Looking at yesterday share market momentum, we can notice that the current share market movement was a bit tired. If we check most of the share prices, we can see most of the counters which have been moving since last December 2011 until now are now moving down and making lower low from their previous low due to some profit taking or maybe ahead of Chinese New Year holidays.

Could we still have any chances for a pre-Chinese New Year rally? I'm doubt about it. Based on the chart reading we might be facing some consolidation move ahead of this CNY holidays but still we can see some rotational play among the penny stocks. Good and blue chips stock were not showing any more interest at these moments. Maybe after this Chinese New Year celebration.

Right now we still can see some of shares are moving especially any mother shares which was listed with any call-warrant listed together. These are the most potential play at this moment. There were so many shares which is listed with call-warrant are moving very fast with certain counters have the ability to achieve 30 to 60 percent premium on profit.

Those who dares to play the call-warrant will sure laugh all the way to the bank recently. But one thing we must remember that not all call-warrants are good play and indeed those who want to play must do some homework before decide to invest or speculate for any of these call-warrants. If we are not careful enough or if we are too greedy, we might fall into a big hole.

Looking at the FBM-KLCI movement at this moment, 1,500 points would stand as mild support at these moments but if the FBM-KLCI break this level than the next support level would be at 1,450 points. Current share market momentum still look nice and stable but we need to look at the overall world equities markets to guide us on the current sentiment.

Quiet Trading Ahead Of Christmas Celebration ???

It is quite unpredictable how our share market moves lately. No doubt we are seeing some changes in the way our share market react to the world equities movement. Sometimes when we expecting the share market is moving lower and all the sudden they move up quite drastically but still the share market didn't show any positive sign yet. A sign that would promise more comfortable trading. Based on the chart sign, we still need more time to monitor the whole share market movement but according to individual chart, most of them still trading poorly. The FBM-KLCI must not break their recently low of 1,424 points or else it might turn very ugly.

Today is already 14th December 2011, we have another 11 days before we celebrate Christmas. Basically towards the year end, the share market will be a bit quiet. They might be moving sidelines before the year of 2012 arrive. During this period it would advisable to search for any counter that have the ability to move. The accumulation must be done during or before the arrival of Chinese New Year rally. Would there be a rally???? Or there might be a rally for the up coming 13th General Election??? We will not know whether there would be a rally coming in or not during this festival time but a closer attention towards the share market movement is very important or else we might miss the trading opportunity ahead.

On the Dow Jones Industrial Average movement, right at these moments it didn't materialise based on the chart reading. We are expecting it to trade lower based on the chart reading and the on going financial crisis in the European region but due to some positive news, the index move up and show more strength by standing around 12,000 points. At these moments I would watch very closely on how the world equities indexes are performing. Any level of support that will be broken will be treat as an alarm for us to trade carefully.

DownTrend Coming In ? Cautious Trade Ahead !!!

As we can see right now, the Malaysian shares market are coming down. Based on the chart wise, we might be experiencing some new waves of downside. If we check most of the overall counters, we can see most of the counters are coming down quite hard recently, especially the Blue Chips counters. Was it a new beginning of a new downtrend?

Based from the previous calculation of the charts, the Dow Jones Industrial Average is facing lot of difficulties with the European debts problem still lingering the whole world equities market. This time around it might turn out to be from bad to worst than ever before. It is still early to put this kind of assumption towards current share market movement but it seems it was never an ending story from the European country with lots of debts problem keep on arising from their neighboring country.

With the current sentiments moving downwards, it would be advisable to stay away from the share market trading. It is not a good time to trade with. Current share market sentiments shows more weakening side rather than more promising signal to move upwards. From my previous last blog, I did mention we need to be more careful in the month of December because it might turn out to be the worst month for all of us or maybe the worst has already started.

This assumption was based on few of my previous chart where by I used it to compare what has happen during the 2007 - 2008 financial crisis in the Dow Jones industrial Average. Currently the share market might be moving 20 cents down before rebound 10 cents up and again coming down another 15 cents with 7 cents up. Each day we might be experiencing more downside rather than upside.

It seems the Bears have just wake up from their SLEEPing.

Current Share Market Sentiments Still Looks Nice. Be Careful In The Month Of December!

These few weeks I was caught off guard the way our share market movement. I didn't expect that the share market can perform so well. This time I really admit that I didn't pay much of the attention on the current share market movement. I admit my mistake. Maybe I was paying too much attention on the downside and I have missed the opportunity to trade during this highly volatile movement.

Looking at the current share market movement, we need to put more attention towards the overall world equities market movement. Right now, based on their charts movement I will still put my self in a position of self protection. Basically I will pay more attention towards the month of December. Based on the calculation, any major turnaround will depends on the month of December. I won't say it will happen or it might happen. It was just based on the chart reading.

What would happen in the month of December ? There might be a major downside going on the Dow Jones Industrial Average. We cannot assume that it is going to happen but we can take a look on it and have a glimpse on it. This is just a chart reading only and it is only a guide for us. How far and whether it will happen or not????? Nobody knows. It is just that they look more or less the same pattern. Just be careful whenever we trade. For sure maybe my earlier mistake was I put too much attention or depend too much on this chart pattern. That was my biggest mistake.

Selamat Hari Raya Haji

"" SELAMAT HARI RAYA HAJI ""