Wednesday, August 11, 2010

FBM-KLCI Might Be Consolidate In Near Terms?

It has been a while if we really examine the share market movement, how many of us can really make some gains from the share market. Is not an easy share market to play with although we can see the FBM-KLCI still stand at high level. For those who really watch the movement everyday, they are the one who can really make some. Searching for the right counters still play an important element as we can see not every counter is moving.

As we can see this is not a bull run in the making. Looking at the FBM-KLCI right now, the index is now moving side way and if we take a closer look on the FBM-KLCI, the index show more negative sign. Sign of weakening because there were so many black candlesticks appear around these last few trading days.

In terms of Candlestick study, more blacker candlesticks appear shows that the share market maybe consolidate at these moments. How the share market likely to fare this coming week? From my point of view if we take a look on how the individual counter fares these few days, my suggestion would be stay out for a while because the momentum right now shows more weakening sign rather than showing more opportunity lying ahead.


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