Chart: FBMKLCI's daily chart as at Nov 30, 2011 (Source: Quickcharts)
Wednesday, November 30, 2011
Market Outlook as at November 30, 2011
There are some signs of window dressing activities in the market today. This strong buying has pushed the index above the 40-day SMA line, which I have earlier expected to cap the rise of our market under the scenario of a completed bear rally. If the rebound can surpass the downtrend line (RR) at 1475, we may have to re-examine our market outlook.
Chart: FBMKLCI's daily chart as at Nov 30, 2011 (Source: Quickcharts)
Chart: FBMKLCI's daily chart as at Nov 30, 2011 (Source: Quickcharts)
Subscribe to:
Post Comments (Atom)
2 comments:
Hi Alex ,
Any comment on Kassets? This counter has been rallying strongly recently.Do you know the reason?
Hi luckystock2
Kassets looks bullish as it has broken above its all-time high at RM5.00. I am not familiar with this stock. You need to check out its financial statements & get some research reports to guide you.
Post a Comment