FBM-KLCI Looks Much More Better. Can The Index Move Higher?

Last Friday the FBM-KLCI performs very well. The index was up +15.73 points to close at 1,522.61 points. Still the FBM-KLCI needs to penetrate the strong resistance level of 1,529 points. Able to do will show more positive sign for the Malaysian share market.

Based on technical indicators the MACD is showing sign of accumulation at this moment but the indicator is still well below the neutral zone (negative zone). Beside the MACD, others indicators are showing some improving sign.

Monitoring the share market movement right now will be the right timing to do as we can see most of the shares were at low. It might be an accumulation time but the best timing to accumulate is to wait for any opportunity arise (accumulate when the share market was weak or in the correction mode). Just be careful when choosing a right counter.

Right now our share market is in the process of technical rebound (going up). Most of the counters that were gone down for the last few days have shot up nicely since last Thursday and Friday. Volume and turnover still not promising yet, the Bulls might be still resting. Any how watch the share market movement closely this month, there might be some opportunity arises in the coming month.

TIMING Play An Important Role To Determine Our Profit Potential

Since my last article until now, there have been no changes that we have to accept that the Bears are controlling the share market at these moments. As we can see for the past two weeks the Malaysian share market was controlling by the Bears. The Bears were just too great and too strong for the Bulls to come out from the hiding.

From my point of view, staying out from this share market for a while will be the best strategies as there is no indication that our share market is going to get better. It might become even worst but if we take a look what is really happen around the world equities sentiment right now. With the crude Oil prices reaches $100 per barrel and the share market volumes or the transactions are getting lesser and lesser, it is not a healthy market to trade with.

Basically based on these few days transaction, a technical rebound might occur around this week or next week provided that these few days the share market still heading towards the South Pole but this time around the technical rebound won't be easy to be trade. As usual choosing a right counter will determine our profit margin.

Looks for any counters that are experiencing sharp falls since last two weeks. These counters might have the big potential to add and to bring more profit into our pockets. One thing for sure TIMING plays an important role to determine the whole market sentiments. Catching the right counter but not at the right timing will definitely trim our profit potential.

At these moments we must concentrate in monitoring the share market movement and the sentiment. Any panic selling will be treat as an opportunity to grab at the lower prices. I would assume that at these moments we are playing "Catching A Falling Knife". If we are not careful enough, we might have a big cut in our hand and it might affect our confidence as well.

The Bears Are Taking Over The Share Market?

Wow, indeed yesterday was tremendous day in our share market. I didn't expect that it will fall so drastically. The FBM-KLCI went down -32.08 points to close at 1,503.99 points. If we take a look on how the share market traded yesterday, it seems that our journeys with the Bulls have just ended.

At these moments we must be well prepare for any bad outcome from the share market. It will not be a good market at all as we can see that the FBM-KLCI break the 1,529 points supporting level.

With this level being broken, the share market might move further down to 1,480 points level. If this level being taken out, it will be a bad sign for the Malaysian share market.

Right now I will lay off myself from the share market as the share market has already hurt from yesterday falls. It will not be an easy market to trade right now. We have to be more careful. Any accumulation of shares will not guarantee any return because the Bulls already went to hide and the Bears are taking over the share market.