FBM KLCI Broken The Congesting Zone

Yesterday FBM KLCI hits higher to close above 1,230 level with most the push up momentum is come from Banking sector. Due to the rally of gold price, most of the bank asset will be up especially bank that hold a big amount of gold and also USD value drop again RM will help reduce the international debt by the government.

Base on the latest performance of FBM KLCI, the index likely to hits high again before end of this year ( above 1,250 level likely) however sure the push up momentum is from Banking sector because banking sector is 33.7% of FBM KLCI index especially CIMB is the biggest single share in the index.

For me I think buying in into bank warrant is a good profit making strategic once the bank sector start to push up high toward year end. I had keep most of my profile full with bank and plantation warrant due to this 2 sector is the biggest momentum push up for FBM KLCI.

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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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