2011 Year End Rally?

2011-12-27

2011 Year End Rally?

Only left 4 trading days before ending year 2011. At 2010, KLCI end with 1,518 point, to close flat this year KLCI need only 22 point. Likely KLCI will hits above 1,500 level.

I personally think that any new year rally is the good point to sale your share due to Europe crisis may come anytime, long term investment is not a good idea for year 2012.

2 comments:

lcchong December 27, 2011 at 10:35 PM: FBMKLCI closed at 1500, but the volume is not significantly high. Even if FBMKLCI can close above 1500, I afraid that FBMKLCI may not have sufficient momentum to sustain the breakout.

In term of chart pattern, FBMKLCI already formed 2 higher lows which indicates an uptrend. However, it needs to break and sustain above 200 SMA and 1500 in order to maintain positive sentiment and uptrend.
lcchong December 28, 2011 at 8:18 PM: I also agreed with your view that PBBANK is still outstanding if compare to other banks.

http://lcchong.files.wordpress.com/2011/12/financial-stocks.png

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