Wednesday, June 23, 2010

1,300 Points Still Stand As The Main Support For FBM-KLCI.

Waalahhh ...... the world equities market are moving higher and higher. I was in China for about a week and I don't have the opportunity to monitor the overall Malaysian share market movement.

Looking at recently huge movement, I was wondering whether the Malaysian share market was able to penetrate their strongest resistance level at 1,350 points. At these moments we might see some profit taking activities after recently upwards movement.

Overall volume or turnover done still didn't support that the bulls are coming but the good thing is the FBM-KLCI was able to stay above the 1,300 points. As long as this level was not broken then we might have some opportunity to search for any good counters to invest.

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