FBMKLCI has now broken above the resistance levels, though with a shooting star candlestick yesterday, a reversal at top didn't happened today. Instead it went even higher than yesterday's high and settled 1594.98 @ its highest for today! What an interesting hike. Chg : +12.25pts / +0.8%
Will it continue to move above again now? As it is getting nearer to 1600 level and might even break past the historical high of 1609. Just be on the watchout! It might either break past or maybe not.
It has been a good day today for most people i believe, having seen their shares moving up at least, for some profit or even cutting losses; like myself i managed to cut some losses on Censof, the low volume counter.
Support for now @ 91 and 80.
Let's have a look @ yesterday's statistic. Same thing which we have been seeing since the past weeks, foreign funds are still exiting our local market, whereby the local institutions are the one supporting it.
This is indicating that foreign investors are leaving. And why is it so? Only they will know the reason to it. We could only speculate and predict. Therefore, we must start getting our brains functioned, and ask ourselves why? I need to get mine functioning too.
And of course, reading more news might help as well.
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