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Monday, June 06, 2016

Market Outlook as at June 6, 2016

FBMKLCI & FBM70 have formed a base over the past 4-5 weeks after the sharp drop in April. With MACD still below the zero line and +DMI yet to cross above the -DMI, uptrend has yet to begin. However, it is relatively safe to take small positions into the market as the base formed should provide support.


Chart 1: FBMKLCI's daily chart as at June 6, 2016_9.30am (Source: Shareinvestor.com)


Chart 2: FBM70's daily chart as at June 6, 2016_9.30am (Source: Shareinvestor.com)

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