This is a personal weblog, reflecting my personal views and not the views of anyone or any organization, which I may be affiliated to. All information provided here, including recommendations (if any), should be treated for informational purposes only. The author should not be held liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein.
Tuesday, September 11, 2012
Some blue chips are breaking their uptrend line
Many blue chips are testing their uptrend line now while a few are breaking below it. I have appended below a few blue chips that have just broken their uptrend line; thus increasing the likelihood that they may slide further. This will put pressure on the index.
Chart 1: HLFG's daily chart as at September 11, 2012_11am (Source: Quickcharts)
Chart 2: Tenaga's daily chart as at September 11, 2012_11am (Source: Quickcharts)
Chart 3: CIMB's daily chart as at September 11, 2012_11am (Source: Quickcharts)
Chart 4: KLK's daily chart as at September 11, 2012_11am (Source: Quickcharts)
Subscribe to:
Post Comments (Atom)
1 comment:
Hi Alex
yesterday we have witnessed another selloff in KLCI but market recoup more than half od its losses at the closed.
So do you think is too early to bottom fishing at this stage?
Post a Comment