If we take a look on yesterday and today movement, indeed our share market is experiencing a wave of selling at the moment. It might be because of Sept 16 or maybe our market lacks of interest.
KL Composite Index already breaks its supporting level of 1,064.11 points (27.08.2008). This time around we might eyes for 1,000 points.
Still early to say that this is the right time to buy but a careful approach in this few days might bring some fruits.
KNM drop sharply, MRCB create new lows, LION Industries down more than two digits, PERWAJA bloods still keep on dripping (no handyplast), KINSTEEL almost the same as PERWAJA.
The darling stock like IOI Corporation breaks its strong supporting level of RM 4.66 (13.08.2008). Everything seems to be not alright including KLK and HAP SENG PLANTATIONS. The degree of falling is almost to 70 to 80 percent!
My advice for those who dare to play in this market must know when is the right time to make an entry points. I still searching for it. If I have this instinct or feeling to enter into this market, I would keep in touch with all my readers.
HAPPY TRADING.
1 comment:
i see 935....soon
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