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2011-04-09

FBM KLCI A Pause At 1,560 Level - Distributing?



















FBM KLCI rally paused at 1,560 level when enter this week. Now the think is, next week will be a distribution or continues mark up? Base on the chart, FBM KLCI is in over buy zone so likely next week the index may move sideways till Sarawak election day.

I personal think that, this round FBM KLCI may not broken 1,570 level however this level will be likely to be broken by 2H2011 when more speculation printed money from US in flow to Malaysia. At the same time we will face high inflation in living cost.

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