Chart 1: FBM-KLCI's daily chart as at May 31, 2011_4.00pm (Source: Quickcharts)
Chart 2: FBM-Emas's daily chart as at May 31, 2011_4.00pm (Source: Quickcharts)
Based on the above, we can be more constructive in our trading or investment.
Tuesday, May 31, 2011
Market Outlook as at May 31, 2011
FBM-KLCI & FBM-Emas have both broken above their medium-term downtrend line (RR) at 1555 & 10700, respective. With these bullish breakouts, I expect the market to continue to rise.
Chart 1: FBM-KLCI's daily chart as at May 31, 2011_4.00pm (Source: Quickcharts)
Chart 2: FBM-Emas's daily chart as at May 31, 2011_4.00pm (Source: Quickcharts)
Based on the above, we can be more constructive in our trading or investment.
Chart 1: FBM-KLCI's daily chart as at May 31, 2011_4.00pm (Source: Quickcharts)
Chart 2: FBM-Emas's daily chart as at May 31, 2011_4.00pm (Source: Quickcharts)
Based on the above, we can be more constructive in our trading or investment.
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3 comments:
That 's great news.
But wondering will european debt crisis may churning our uptrend
Moreover QE2 is near to ending. . .wondering. .worry
Hi Ivan,
Investors are deluged by all kind of issues, from sky-rocketing commodity prices to Euro debts crisis, from US debt ceiling countdown to Japanese recession, from political upheaval in MENA countries to economic hard-landing in China. And, yet the markets are riding higher... climbing a wall of worry. The last time we saw something similar was in 2007-2008. I hope this script has a happier ending.
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