Bursa Malaysia (KLSE) Daily Info Edge Zone

FBM KLCI Soon Will Have 2nd Mark Up

Durian Edge
Publish date: Tue, 21 Feb 2012, 08:23 AM
Durian Edge
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Malaysia Forex | KLSE Index | FTSE KLCI | Bursa Malaysia | MayBank Forex | Malaysia Stock Trading | Malaysia Share
Since foreign investor is distributing they share last week, when retail investor slowly replace they position at the high price, share market will dip very fast, about 100 point dip in 2 to 3 trading days.

However before that happen, the index will push higher to new high and move sideways to distribute share before dip. Now FBM KLCI is around 1560 level and still have 40 point to broken 1,600 level so I think at this level FBM KLCI index will soon have 2nd mark up to make profit.
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lotsofmoney

I think the retailers are paying their tax, assessment etc. No more money to play shares !

2012-02-21 08:49

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