Monday, April 11, 2011

The Bulls Are Coming Back?

The Malaysian share market still looks very strong. We are having rotational movement among the speculation counters with some good counters also moving to help and push the FBM-KLCI higher. Since the Japanese earthquake crisis until now, indeed the Bulls are coming back to take over the Bears.

Seeing at the chart, the FBM-KLCI might have the ability to break the recently new high of 1,576.95 points set on 06/01/2011. At these moments the FBM-KLCI might be hovering around before move even higher. We can see that the turnover or the volume done for the FBM-KLCI is improving and this really help the whole share market sentiments.

Any correction will be treat as an opportunity to accumulate. From my point of view the FBM-KLCI might stand strong until the end of this month. In the coming month of May it is hard to tell. Usually when the month of May arrive the share market won't perform very well. Either middle of May or at the end of May. This is just a statement and we cannot take it that it will happen when the time has arrived.

The most important element right now we must monitor whether the FBM-KLCI is able to cross their all time high. Able to do so will bring the BIG BULLS charging back. The Dow Jones Industrial Average right now is hovering around their previously high and it is important to watch them whether they are able to penetrate their recently high of 12,390 points set in month of February 2011. If the index is hovering around and move backward then we must see how the FBM-KLCI will act on it.

With the Sarawak state election atmosphere surrounding around the Malaysian share market, we must be well prepare on the upcoming results from the Sarawak state election. Anything can goes wrong on the Sarawak state election. If the Barisan Nasional lose, it will bring very big effect to our share market.

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