My Trading Adventure

KLCI oversold

CP TEH
Publish date: Thu, 22 Nov 2012, 08:51 AM
CP TEH
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All the writings in this weblog are mainly for PLEASURE reading purposes. I am in NO position to recommend a call(BUY/SELL). Please check with those know-hows before you make a decision. Yes, I am just a learner, with only five years experiences in KLSE. So, please BEAR with me.
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Tho DOW up 200 points, KLCI was down ... and DOW up another 40+ points, how low could KLCI go? It  is a matter of time for KLCI to rebound? What are our takes?

So far TM disappoints ... and amongst the telco, Axiata showing some promising rebound.



KLCI : We are at 1620 levels, with RSI below 30, considered as oversold. Checking 1600 level next, if it is going to retrace further. The RSI for telco's are much lower.

Parkson : I am still watching Parkson as it dived way too fast ... and an interesting waterfall to catch.

Got to go and contine my blah blah later ...

TEH
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Discussions
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lotsofmoney

As long as EPF keep selling, it will drop below 1600.

2012-11-22 14:06

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