Friday, February 13, 2009

KL Composite Index. Potential To Stay Above 900 Points ?

An updated chart for the KL Composite Index until 12.02.2009. The KL Composite still trade within the zone of the Rising Wedge. A closer look at the chart suggest that the KL Composite Index might have the potential to climb above 900 point level.

Provide that the world financial market still able to sustain at their current level. Today we might have seen some speculation activities in Malaysian equity market with Gamuda Berhad and Muhibah Engineering Berhad are moving strongly.

At this moment, the share market still can be consider volatile. Sometimes up or sometimes down with no major leading indicators to support the market especially the volume traded. It is just like we are putting our money on the table and waiting for the dices to roll before we know whether we are winning or we are losing.

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