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.
That 's great news.
ReplyDeleteBut wondering will european debt crisis may churning our uptrend
Moreover QE2 is near to ending. . .wondering. .worry
ReplyDeleteHi Ivan,
ReplyDeleteInvestors 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.