Bursa Malaysia (KLSE) Daily Info Edge Zone
Market might revisit 801.27 and possibly 626.50 in the longer term-From Maybank Investment Bank
Durian Edge
Publish date: Tue, 25 May 2010, 10:55 AM
Durian Edge
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Malaysia Forex | KLSE Index | FTSE KLCI | Bursa Malaysia | MayBank Forex | Malaysia Stock Trading | Malaysia Share
Note from The Edge
Maybank Investment Bank Bhd head of retail research and chief chartist Lee Cheng Hooi in a note to clients advised them to remain vigilant of a potential damaging and sustained bear trend in the coming months. He said the euro zone crisis and the Dow Jones and European equity market malaise would persist, and it was best for investors to turn defensive and remain in over 90% cash at least."Recent price movements and global volatility suggest that investors should shy away from the FBM KLCI.
"We advise clients to sell and step aside for the next few months, as we believe that the market might revisit 801.27 and possibly 626.50 in the longer term," he said in a note Tuesday.
Wow better keep money in Gold!
But when this big fund said FBM KLCI might revisit 801.27, will it want us retail investor to panic selling all our fund? Sometime found vary hard to understand the share market.
Maybank Investment Bank Bhd head of retail research and chief chartist Lee Cheng Hooi in a note to clients advised them to remain vigilant of a potential damaging and sustained bear trend in the coming months. He said the euro zone crisis and the Dow Jones and European equity market malaise would persist, and it was best for investors to turn defensive and remain in over 90% cash at least."Recent price movements and global volatility suggest that investors should shy away from the FBM KLCI.
"We advise clients to sell and step aside for the next few months, as we believe that the market might revisit 801.27 and possibly 626.50 in the longer term," he said in a note Tuesday.
Wow better keep money in Gold!
But when this big fund said FBM KLCI might revisit 801.27, will it want us retail investor to panic selling all our fund? Sometime found vary hard to understand the share market.
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