FBM KLCI Start To Show Weakness

2010-08-03

FBM KLCI Start To Show Weakness

Today FBM KLCI start to show weakness. The market is not supported by big money and soon FBM KLCI will drop in August. However, the process still need to be supported by vol, soon big money may test the market before mark down the market. Month of August is the most CW will expire so any big drop in this month will help bank earn a lot.

2 comments:

Ivan August 4, 2010 at 1:47 PM: Wao bro. .
ur view are right. .
CI facing some consolidation rightnow..after a huge breakout.. . hehe ..
East Point Trading August 4, 2010 at 10:49 PM: Hi Ivan,

Big money will start to test the market this week so any news from US may effect us. However I think government still want EPF and Khazanah to continues support the market base on last min mark up.

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