Tuesday, March 15, 2016

KLCI Must Stay Above The 200 Days Moving Average.


Based on the Monday closing, the KLCI still stay above the 200 days moving average and still waiting for the 20 days moving average to catch up.
 
At these moments where the KLCI will be heading to ? As long as the KLCI managed to stay above the 200 days (1,670 points) we will still have some chances that the KLCI might be moving higher in near terms but we need more time to analysis the whole trend as well as the world equities market.
 
What do you think??? Do you all think that these markets will move higher??? At the moment the KLCI equities are not moving much. They seems to be laggard and moving side way.

Monday, March 7, 2016

KLCI Need To Stay Above 200 Days Moving Average.


Sometimes when we try to predict where the market is heading to based on the charting but out of sudden the world equities market take a turn and move upwards. At these moments the momentum looks so good with the blue chips counters mostly went up already.
 
As we can see from the chart, the KLCI has surpass the 200 days moving average with an average volume increased. As long as the KLCI manage to stay above the 200 days moving average there is still a chance for the KLCI to move higher but it is still too early to tell but if the KLCI close below the 200 days moving average, it would have a negative impact.
 
Well we still need more times and trading days to determine where the KLCI might be heading to but I'm still not really positive about out political situation in Malaysia with so many foreigner investors still stay away from Malaysia equities market. 

Monday, February 29, 2016

KLCI Might Be Heading South In March???


Judging from the chart scenario, it seems the KLCI might heading towards south due to some political situation (2.6 Billion donation) with the suspension of UMNO deputy president  and the weakness in the world equities markets. 

Last week the KLCI cannot even move much after reaching their 200 days moving average. If we examine most of the equities listed, they are not moving much after they stage a technical rebound for the past few weeks and at these moments they show more bearishness rather than bullish move. 

Right now the MACD Histogram is showing sign of RED color, indicate that the market is weak. Hence a careful approach is needed because I'm expecting the KLCI might be moving side way and move further towards 1,600 points.