Where KL Composite Index Next Destination ?

Well, today market movements can be considered mixed but towards the close some profit taking activities emerged. Last week I recommended accumulating Kinsteel, Perwaja, Plantation stocks and counter which experience sharp falls.

These counters argues well especially Plantations stocks but not Kinsteel and Perwaja. Still monitoring their movements. My Monday expectation for the share market to close with more losses didn't materialize as it were supported by the plantation counters.


So how the KL Composite will fare in the next few days ? If we take a look on the charts shown, usually whenever the KL Composite Index experience a sharp fall, it would eventually make a small come back. That is just a small technical rebound.

How long ? If we take a look on three circles that I has draw on it, usually it will go up or stay at that level for two to three weeks before it come down again. That is if the markets still experience the downtrend movement.

Any similarity with the three circles? Please judge the charts shown at above. This time if we want to make money, it depends how strong is your capability to hold the shares and sell high when the index move up after some correction this weeks.

This is one my opinion and I still trying to study the KL Composite Index movements. This might be the second chance but not every counter are the best bet. As I use to said, timing (entry point) is very important in order to make profit.