Bursa Malaysia (KLSE) Daily Info Edge Zone
FBM KLCI - consolidation pattern will probably carry on in the near term
Durian Edge
Publish date: Tue, 10 May 2011, 08:44 AM
Durian Edge
0 1,080
Malaysia Forex | KLSE Index | FTSE KLCI | Bursa Malaysia | MayBank Forex | Malaysia Stock Trading | Malaysia Share
Catalysts must appear to attract sustained buying interest, which is obviously needed to power the stock market momentum. In the absence of a combined force from this chain of activity, the prevailing consolidation pattern will probably carry on in the near term. Base on the chart, immediate support and resistance lines at 1,495 and 1,530, respectively.
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