Wednesday, February 22, 2012

Market Outlook as at February 22, 2012

Our market has risen quite substantially over the past 5 months. If you looked at all the charts below, you can see that we are either at the 2011 high or not far from there. The recent high will pose strong resistance which can cap the current rally. The right strategy is to reduce your position or take some profit & buyback when the consolidation happens. However, if the market can charge through this resistance, then we should quickly jump back in.


Chart 1: FBMKLCI's weekly chart as at Feb 22, 2012 (Source: Quickcharts)



Chart 2: FBMSCAP's weekly chart as at Feb 22, 2012 (Source: Quickcharts)



Chart 3: FBMACE's weekly chart as at Feb 22, 2012 (Source: Quickcharts)



Chart 4: FBMFLG's weekly chart as at Feb 22, 2012 (Source: Quickcharts)

4 comments:

富升 said...

sir,
can give me comment again on Puncak, i bought at 1.68....

fundamental still good?

Reid said...

Hi Alex,

Can you advise why was SilkHld will raise from 0.26-0.4, is it related to the rumor of Plus going to take over SILK?
Thanks

Jimmy Yeoh said...

Hi Alex,

What happen to Puncak? Keep sliding..

Thanks.

desmond said...

Hi Alex,
UOADEV has annouce a good financial report, high EPS and proposed a high dividend. So do you have any comment on this company? A good fundamental company for long term investment?
Thanks