Merry Christmas

Merry Christmas

To All My Readers

Momentum Getting Better And Better. Turnover Still Low.

We are already entering almost half month of December and we can see more promising activity happening in our share market especially some good environment surrounding the Malaysian equity market. Not every counter is moving but it might time for us to accumulate based on their recent activity.

Another 11 days before we celebrate Merry Christmas. Will the share market perform during these two weeks? It might be a quiet market ahead because of holiday but sometimes it is also quite hard to predict. From my point of view I would rather accumulate bit by bit unless we have some good news for our favourite counters.

Based on the chart wise, the FBM-KLCI didn't look that nice. According to the candlestick reading, it appears that there was a long black candlestick. This is not a good sign but we cannot take it as a bad omen that the share market has ended its move. Maybe the FBM-KLCI is still consolidating, waiting for an opportunity to appear.

December Month - An Accumulation Month ???

FBM-KLCI still looks strong, volume and turnover is not improving. Some of the counters are creating new low, some even try to sustain at their very best level. Can we still trade at these moments ????? Looking at the sentiment right now, the Malaysian share market shows more improving momentum.

Although the sentiment is improving, as usual choosing a right counter would play an important role to determine whether we can really make some gains out of it. At these moments not every counter can moved like we use to see it in the month of October and November. The sentiment was dull at these moments and if we are not careful enough we might get burn as well.

Based on past historical data for the FBM-KLCI, the month of December always a quiet month and a consolidation month. Usually during this time around it is an opportunity to accumulate and wait for the right timing to happen (for the share market to move up). Basically the share market will only really move after New Year has arrived.

This was based on historical data but we cannot always based or rely on that data. Sometimes the share market can behave differently and anything can happen during this few weeks. From my point of view this month would be an accumulative month. We must have some patients and keep our eyes open all the time in order to monitor the share market movement.

*** Can It Be Head and Shoulder Formation ??? *** Watch the chart.