Bursa Malaysia (KLSE) Daily Info Edge Zone

FBM KLCI Drop Below 1,300

Durian Edge
Publish date: Tue, 16 Mar 2010, 07:45 AM
Durian Edge
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Malaysia Forex | KLSE Index | FTSE KLCI | Bursa Malaysia | MayBank Forex | Malaysia Stock Trading | Malaysia Share























Yesterday FBM KLCI is drop back below 1,300 level close at 1,299. Base on the chart beginning of March FBM KLCI rally to 1,320 level the vol was low compare to begining of the year during month of Jan when FBM KLCI rally to 1,300 level. The lower vol may show that not many retail investor join in buy into share market during FBM KLCI rally to 1,320 level so most of the big fund manager may note that since no one follow than pull back out the money and cost FBM KLCI index drop back to below 1,300 level.

Most of the share rally during the FBM KLCI broken 1,320 level last week ware drop back however for share that miss the bot during the rally they share price did not drop so this also show that not many retail investor in the market when FBM KLCI rally to 1,320 level. Sale share during the market rally and buy low when you see red sea always a good move to make money.

When FBM KLCI drop below support line 1,270 level will again be a good time to buy.
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