Monday, July 26, 2010

FBM-KLCI At New High. Still Have More Rooms To Move On?

It has been a while I didn't post any article on Malaysian share market. For the past two weeks, I have been monitoring the performance on the Malaysian share market and I would like to share it with my readers. Looking at current Malaysian equity market, most of them perform quite nicely and some even climb to make a new high.

The FBM-KLCI major resistance of 1,348 points was easily crossover without any hurdle with a bit of volume to support the current movement. The FBM-KLCI now closed at 1,351.82 points, just a diferent of about 2 points from previous high of 1,349.92 points set in 04/05/2010.

I don't know how strong the FBM-KLCI is going to be but it seems that current sentiment suggested that the FBM-KLCI still have some potential to move higher but at this point, the FBM-KLCI might take a pause or to readjust their current running after hitting new high.

At these moments I won't call it that the Malaysian share market is in the Bull Run because current sentiment still suggested that there was not many speculation players inside and the current environment also suggested that it was not an easy market to make some return.

We can make some profit but we must know how to choose the right counters in order to make some return. Searching for a right counter need lots of attention and patient because not every counters are moving. Don't forget to watch how the Dow Jones Industrial Average movement because the DJIA still play an important role to determine the world equities market performance.


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