FBM KLCI Need To Close Above 1,255 Level To Have A Bounds Up

After a big sale out 3 week before Chinese New Year finally FBM KLCI hold on 1,220 level. FBM KLCI need to hold and close above 1,255 level to get some hope to bounds up more higher however due to CNY is in this weekend vol will be low and hard to find is it 1,250 level is strong supported or not. For me any small bounds up is a good opportunity to take some profit or cut loss and buy back later.

In coming next few months I think the share market will likely to go south that north. Last year share market is supported by big fund flow out from government and now is the time to take it back so sure share market will drop to a level that is solid before any bounds up. So how low is the solid level for share market to rally again is a big question and I think above 1,200 level for FBM KLCI will NOT be the solid level.

For Malaysia we had another problem, FDI fund is slowly flow out from Malaysia and this fund did not going back to they home but to Indonesia and Thailand so this is a sign of world economic is turning better but they just did not found any reason to invest into Malaysia. This is a vary bad sign for share market!

However we still hope the best will happen in this year, in this coming Chinese New Year I wish you all a vary happy holidays and a profitable year. For lunar calender this year is Tiger year so hopefully it did not eat the bull, we all still need the bull to run!