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)
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2 comments:

  1. luckystock2Wednesday, November 30, 2011 5:01:00 PM

    Hi Alex ,
    Any comment on Kassets? This counter has been rallying strongly recently.Do you know the reason?

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  2. Alex LuMonday, December 05, 2011 9:29:00 AM

    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.

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