KLCI Rebounds With Low Volume

2009-06-25

KLCI Rebounds With Low Volume

Yesterday KLCI rebounds 13.37 point with low volume, and base on the chart KLCI still above MA 50days and MA 200days. This is the sign that KLCI will drop again in coming next week till in below MA 50 days before a stable rebound may likely to happen.

3 comments:

Elvis2020 June 25, 2009 at 12:49 PM: Known as 'dead cat bounce' or technical rebound. Yesterday show us that how easy to push the CI with low volume. Today is follow through buying, NOW, caution that it appear CI will go higher but before you know it, prices will stagnate and BOOM dip like there's no tomorrow...wait, be patient....
East Point Trading June 25, 2009 at 2:34 PM: This is the killing yoyo, one day drop 15 point next day up 10 than hold few day and drop again.

The big picture of KLCI is drop however if want to buy share look for the big and stable share.
Elvis2020 June 25, 2009 at 4:10 PM: I know i seems very negatif at times but nowadays things are very unstable. Fundamentals change so rapid that what was great 3 months ago is not so great today. I think we will be back on making money by next year where things have stablize. Remember that only October last year things were so bad that US financial systems considered DEAD(no money in the system only debts) or known as CREDIT CRUNCH. Funny, how fast people forget this very important disaster.

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