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.
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:
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.
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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