Bursa Malaysia (KLSE) Daily Info Edge Zone

FBM KLCI Hits Above 1,320 Level

Durian Edge
Publish date: Mon, 08 Mar 2010, 01:31 PM
Durian Edge
0 1,080
Malaysia Forex | KLSE Index | FTSE KLCI | Bursa Malaysia | MayBank Forex | Malaysia Stock Trading | Malaysia Share
























Today FBM KLCI close mid-day at 1,322 level due to few good news across Malaysia and also from US. For me now is the best time to sale out all your on hand share to take profit because next come month Apr & May usually share market will drop plus growing problem in Europe and Dubai sure will effect the share market soon or later.

If you do some analysis on the chart during early of the year, for FBM KLCI to bull run from 1,270 level to 1,300 the vol is mach more higher compare during Feb 2010 till now. FBM KLCI hit new high is without support by high vol so for it to drop back to 1st support line below 1,300 will be vary likely.
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