Thursday, June 06, 2013

Market Outlook as at June 6, 2013


A quick look at the charts for FBMKLCI, FBM70 & FBMScap reveals that our stock market is likely to consolidate for the near term. We can see that FBMKLCI  has start to correct earlier while FBMScap shows little sign of weakening. This apparent strength in second & third-liner stocks can be deceiving as its indicators - like those of FBMKLCI & FBM70 - have all turned down.


Chart 1: FBMKLCI's daily chart as at june 6, 2013_4.45pm (Source: Quickcharts)


Chart 2: FBM70's daily chart as at june 6, 2013_4.45pm (Source: Quickcharts)


Chart 2: FBMScap's daily chart as at june 6, 2013_4.45pm (Source: Quickcharts)
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2 comments:

  1. laiFriday, June 07, 2013 12:13:00 PM

    Hi Alex,

    BKoon is announcing some free warrants etc...

    What is your opinion on this company?

    Much thanks.

    ReplyDelete
  2. Alex LuWednesday, June 12, 2013 2:56:00 PM

    Hi lai

    I am not sure how free warrant would help the investment case for BKoon. It is like getting a free ticket to see a poorly-rated movie.

    The stock has a strong support at the horizontal line at RM0.17. Let's hope it can stay above that support.

    ReplyDelete