FBM KLCI - consolidation pattern will probably carry on in the near term | Bursa Malaysia (KLSE) Daily Info Edge Zone

Catalysts must appear to attract sustained buying interest, which is obviously needed to power the stock market momentum. In the absence of a combined force from this chain of activity, the prevailing consolidation pattern will probably carry on in the near term. Base on the chart, immediate support and resistance lines at 1,495 and 1,530, respectively.

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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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Bursa Malaysia (KLSE) Daily Info Edge Zone