It was another good profit for those who shorted at the level where 1600 support line had been broken below and that was merely a nice 8 point profit with buying back @ 1591 next support level, as the futures index didn't managed to move past 1607 level and instead found its way lower for today.
Right now, we shall be watching of its breaking point @ 91 - 92 level, of its next direction.
Resistance @ 1598 - 1601 - 04.
Support @ 1586 - 82 - 74.
DJIA +23.69 / +0.19% as of 9:47pm.
Well, the weaker KLCI yesterday was due to no support from the local funds, to push it higher. Whereby, foreign funds were the one who took some tiny bites from the local retailers who threw off some shares off their hands.
FBMKLCI has ended even lower today, breaking below 1600 support and closed @ 1594.10. And yep, it was a reversal sign indeed, of yesterday's candlestick from FBMKLCI chart.
So, what would be your view for tomorrow's KLCI? Will it continue to fall lower or the other way round? Felda Global Ventures Holdings will be listing soon, this coming Thursday. Are they getting ready with some cash to buy more on listing day? :P
I believe it will shoot up on listing day. Let's watch how high can it go? Any guess? For me, i think it would most likely be + RM 1 from the set price of RM 4.45. Good money!!! But no fate, no luck to earn this free money.
Well, the weaker KLCI yesterday was due to no support from the local funds, to push it higher. Whereby, foreign funds were the one who took some tiny bites from the local retailers who threw off some shares off their hands.
FBMKLCI has ended even lower today, breaking below 1600 support and closed @ 1594.10. And yep, it was a reversal sign indeed, of yesterday's candlestick from FBMKLCI chart.
So, what would be your view for tomorrow's KLCI? Will it continue to fall lower or the other way round? Felda Global Ventures Holdings will be listing soon, this coming Thursday. Are they getting ready with some cash to buy more on listing day? :P
I believe it will shoot up on listing day. Let's watch how high can it go? Any guess? For me, i think it would most likely be + RM 1 from the set price of RM 4.45. Good money!!! But no fate, no luck to earn this free money.
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