Bursa Malaysia (KLSE) Daily Info Edge Zone

FBM KLCI Major Support On 1,308 Level

Durian Edge
Publish date: Fri, 09 Apr 2010, 07:48 AM
Durian Edge
0 1,080
Malaysia Forex | KLSE Index | FTSE KLCI | Bursa Malaysia | MayBank Forex | Malaysia Stock Trading | Malaysia Share


















Profit taking activity by fund manager and the cap replace by retail investor always happen in circle. When their need to cash out so the news will follow, buy when you see red sea sale when market in bull run always will bring profit.

Base on the chart, FBM KLCI is above to broken 1st level of support at 1,325 level and if it broken, next major support level will be 1,308 level. 1,308 level will be a good time to buy into good quality share. However base on my analysis, when FBM KLCI drop most of the good quality share did not drop march like PBBANK and TopGlov. The vol trading is high so sometime if want to get into good quality share with a good price is no easy.
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