Monday, May 30, 2016

KLCI Still Below 200 Days Moving Average. Stay At Side Line.

Current KLCI still stay below 200 days moving average. As we can see from the chart, the KLCI has been moving side way for almost 2 weeks. Where was the index is heading to? The indicators are telling us that the momentum is showing strength towards up but the KLCI didn't perform at all.

The world equities market especially the world market indexes are moving upwards. Their momentum also showing positive sign with the Dow Jones, Hang Seng and STI also moving up little by little.
From here we can see that the KLCI is making a technical rebound but anything can happen in the first place. Stay at the side line before making any decision. As long as the index still trade below 200 days moving average it is advisable to monitor it.