Well what do we think about our share market performance right now ? No volume to support the overall market movement and indeed the market just like a dead fish only. Only certain counters are performing very well. We only can make money if we really buy at the low and have to wait for certain days and timing then only we can really make some profit.
A quick check on the FBM-KLCI suggest that the trend might take a pause. There is a signal or an indicator showing that the Parabolic SAR already shown a selling signal after yesterday the FBM-KLCI move down. But looking at the FBM-KLCI still staying above the 1,200 points level, we can consider that the index is sitting quite comfortable at this level. Yesterday also saw the FBM-KLCI touches its major strong supporting line, so we need to be well alert these few days whether the index still can stay at its uptrend channel. Any break down from the uptrend channel will signal that the trend might take a reversal pattern.
3 comments:
Yes, we agree the 1st ps appeared yesterday but i dont think its may push a strong downwards this time. I guess it may just moving sideway for a another ride uptrend soon within month of oct, then nov might be a crucial month.
Not easy to push down the index as BN government would use the five main index components to maintain the
index.
of course, the 2nd & 3rd liner counters would not be so lucky.
Very Good Comments From All of You .....
Thank You Very Much.....
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