Bursa Malaysia Stock Watch
FBM KLCI...Is This It?
kltrader
Publish date: Wed, 06 Jan 2010, 04:50 PM
kltrader
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This blog provides consolidated Bursa Malaysia stock market research, analysis, news and blogs from various sources. You can search and find all the past analysis and coverage on stocks and news by searching within this site. While this blog re-publishes contents from other sites, it does not own the rights nor responsible for the accuracy of the contents. If you disagree to your content from being published here, please add a comment, and your article will be removed from this site.
FBM KLCI...Is This It?: "As I prepared to write on my personal takeaways from the tricky market we’ve been through in 2009, in anticipation of a rather quiet start to 2010; the “monkey” in this market shows its cheekiness yet again by springing a surprise with a bright start to cheer the new year.
This prompts me to postpone the publishing of this takeaways article to make way for an update of market outlook which demands my urgent attention for the benefit of my readers.
My “isolated” optimism thus far seems to have garnered more support recently and with this good showing, the next million-dollar question for investors will be “Is This It…The Bull Market That Alpha Chart Has Been Preaching About So Far?'
FBM KLCI has a solid breakout today on a massive volume, coupled with the confirmed positive technicals; all these make the case for a potential full-blown uptrend which will spread across the exchange.
Nevertheless, you may still have some time to catch the bulls over the next few trading days. Alpha hopes to reverse the title of this article to “This Is It” soon…
"
This prompts me to postpone the publishing of this takeaways article to make way for an update of market outlook which demands my urgent attention for the benefit of my readers.
My “isolated” optimism thus far seems to have garnered more support recently and with this good showing, the next million-dollar question for investors will be “Is This It…The Bull Market That Alpha Chart Has Been Preaching About So Far?'
FBM KLCI has a solid breakout today on a massive volume, coupled with the confirmed positive technicals; all these make the case for a potential full-blown uptrend which will spread across the exchange.
The bears must be tempted now to re-enter the market even though there is no change to the fundamental aspects (with no major news flow too) of the market as we are in-between the previous and upcoming earning seasons. Technical analysis over-rules fundamental analysis in instances like this.
Again, Alpha reiterates the fact that Dec-Feb period holds more promises for the market in general. Citi Investment Research’s work confirms this, particularly for Bursa Malaysia…
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