Chart: KLCI's daily chart as at Jan 2, 2009 (source: Tradesignum.com)
Note: As at 9.10 am today, the KLCI was trading at 906.62 (up 12.26 points from Friday's close).
Monday, January 05, 2009
Market Outlook as at January 2, 2009
Our market is poised to break above its medium-term downtrend line, with resistance at 890-895. Thereafter, it will encounter resistance from the horizontal line of 925 & 965. It looks like the CNY rally (or, the January effect) is about to kick in.
Chart: KLCI's daily chart as at Jan 2, 2009 (source: Tradesignum.com)
Note: As at 9.10 am today, the KLCI was trading at 906.62 (up 12.26 points from Friday's close).
Chart: KLCI's daily chart as at Jan 2, 2009 (source: Tradesignum.com)
Note: As at 9.10 am today, the KLCI was trading at 906.62 (up 12.26 points from Friday's close).
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