Bursa Malaysia (KLSE) Daily Info Edge Zone

FBM KLCI Likely To Markup Above 1,315 Level By Today Closing

Durian Edge
Publish date: Wed, 07 Jul 2010, 03:45 PM
Durian Edge
0 1,080
Malaysia Forex | KLSE Index | FTSE KLCI | Bursa Malaysia | MayBank Forex | Malaysia Stock Trading | Malaysia Share
Base on today FBM KLCI performer, the big money still supported the share.

Evey opportunity come they push up the share and sale out they share in hand but not many retail investor jump in, this you can see base on the vol done for the share. However when they mark down the share, buyer from retail investor jump in so they push up back to share price (Yesterday FBM KLCI close higher, yap Asia share market up so KLCI up but last few days big dip, FBM KLCI did not so why had same rate of bounds up).

Because of this reason, FBM KLCI will go sideways till good news roll out either from US, Euro or China. Today FBM KLCI may likely mark up back to 1,315 level, FBM KLCI will only drop when the hold world dip to red. Buy when FBM KLCI dip will be a good strategic for now.
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