KLCI Has Countinues Moving Up About A Month!

Since Najib become PM the KLCI index is moving up for almost a month with not many good news just in this Apr only some small good news will move KLCI a lot.

Base on the chart, KLCI is over buy condition and about to do some correction and the support will be around 920 point. KLCI will need to hold when drop back to support line 920 before countinues to move up again so the next entry point into the market will be at this leave, 920 point or below.

However, this still need to check with the news during that time. After July, I think US market will start recover but the buying power habit will be change and Malaysia export lever to US will take a longer time to recover.

Malaysia manufacture will be impact the most when US buying power drop so Malaysia will start recover may be at end of the year. If you buy share for 1 year investment I think this coming market correction will be a good entry point and next year will be the World Cup sure will help the share move up.

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Investment Idea

My investment with RM5,000 initial capital have been growing since 2005.I found the stock market appears confusing and complicated, but it is most definitely based on logic "supply and demand". However, the laws of supply and demand as observed in the markets do not behave as one would expect. To be an effective trader, there is a great need to understand how supply and demand can be interpreted under different market conditions and how to take advantage of this Off Market Transactions in KLSE.

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