Eden: Still looks ok for me to re-enter. My guess is it is under major accumulation. Distribution is unlikely, looking at the above average volume with green closing of late. Remember, KLCI sentiment prevails.
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Saturday, May 3, 2008
KLCI Review 080502
KLCI: Some fundamental reason (CPO) dragged down the 2/May composite index as I suspect some institutes were selling big blue like IOICorp and Sime Darby. Pure TA says it has some more room to come down :( 1264 is the final base line or else KLCI will drop back to down trending :(( Global markets' sentiment is another story though..
Eden: Still looks ok for me to re-enter. My guess is it is under major accumulation. Distribution is unlikely, looking at the above average volume with green closing of late. Remember, KLCI sentiment prevails.
Eden: Still looks ok for me to re-enter. My guess is it is under major accumulation. Distribution is unlikely, looking at the above average volume with green closing of late. Remember, KLCI sentiment prevails.
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