Tuesday, March 20, 2012

Malaysian Share Market Still Looks Quiet?

Another week has pass by still the Malaysian share market looks very dull. Even though we can notice lots of third liner counters are moving in random but still it didn't help our share market to be more active. The trends have totally changed compared 2 months ago. Is this a good time to speculate right now with the 13th General Election just around the corner (end of May or early of June)?

Usually when there was General Election around the corner, the share market always looks quite active with most of the Government link counters moving or traded heavily but this time around it looks quite different from the past.

Yesterday night I was having a chit chat with one of my friends and we were talking about the upcoming General Election. Who will win the games and who will rules the country? Basically our conversation ended up with there might be some major set back in the upcoming General Election because we do believe that most of the youngsters will vote for the Pakatan Rakyat.

No matter who will win the games if there was an announcement that the Parliament is going to dissolve, it is advisable to stay out from the share market. For the index, as long as the FBM-KLCI still manage to stay above the 1,560.00 points level then we might consider that the index still in the safer zone.

Wednesday, March 14, 2012

Double Top For FBM-KLCI? Any Dangerous Sign???

Looking at our current market right now, it seems that we are having tumors in most of the counters. No doubt we can see the FBM-KLCI making new high for the past 2 to 3 weeks but most of the counters didn't show any sign or any strength to move. The share market still looks alive but too weak to move.

Looking at the share market transaction for the past 2 weeks, the transaction also declined rapidly with no more interest from speculator player to play with. With this kind of movement and transaction, it seem quite dangerous to play or to invest at these moments as we can see the FBM-KLCI is coming down from their recently high after creating DOUBLE TOP. At these moments it is important for the FBM-KLCI to hover around these level before attempting to make a new high and break the Double TOP.

If not this is not a good sign after recently reaching at high and performing DOUBLE TOP. Usually this kind of chart pattern looks quite bearish. Just becareful whenever we trade. If the overall share market turnover still below 2 billion, I don't think it is a good share market to trade with. The share market seems to be too quiet. Staying at the side line would the best choice. Right now we need a market leader in order to move the share market but we can't find one right now.