Considered it a miracle KLCI holding up positively despite heavy selling pressures on Maybank and TMI. Could some funds buying in others discreetly camouflaged by the selling? I don't want to speculate about it. Let the chart tell the story:
KLCI weekly chart flirted around with its trend line. 1297 level proves to be tough resistance. Most likely it will come down again before another attempt to break the 1297.
Crude Palm Oil: This one is worth watching as it might have found some support and ready to trend up again.
Words borrowed from Dr. Alexander Elder:
Trading is so exciting that it often makes amateurs feel high ...Nobody can get high and make money at the same time.
2 comments:
Market took a turn today and I was right 50% of my statement for now: "...Most likely it will come down again before another attempt to break the 1297."
Clap! Clap! Clap! Market proved me 100% right last week.
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