As we can see from the chart, it seems that the KLCI looks very weak. On Friday closing the index makes another new low.
Personally if we look at it, the index hardly can make a good rebound. It seems the index is heading towards 1,672 points. Few days ago it try to move and make a rebound but was drag down by certain index counter especially Tenaga Nasional Berhad.
Personally if we look at it, the index hardly can make a good rebound. It seems the index is heading towards 1,672 points. Few days ago it try to move and make a rebound but was drag down by certain index counter especially Tenaga Nasional Berhad.
One thing for sure, there is no such thing that the KLCI is heading straight to the south. It might eventually rebound but when? Those who anticipate that the rebound will happen will keep on long (buy) in the futures but will feel disappointing with current sentiments as the momentum still look very weak.
The games right now is "How to catch the low and anticipate that the rebound will happen". Mmmmmmmm definately not easy.
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