FBM KLCI Major Support On 1,308 Level

Profit taking activity by fund manager and the cap replace by retail investor always happen in circle. When their need to cash out so the news will follow, buy when you see red sea sale when market in bull run always will bring profit.

Base on the chart, FBM KLCI is above to broken 1st level of support at 1,325 level and if it broken, next major support level will be 1,308 level. 1,308 level will be a good time to buy into good quality share. However base on my analysis, when FBM KLCI drop most of the good quality share did not drop march like PBBANK and TopGlov. The vol trading is high so sometime if want to get into good quality share with a good price is no easy.

Stock Quote

KLCI Live Quotes Lookup Stock Code/Name Enter Stock Code/Name

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.

Footer

Weblog Disclaimer: The information contained herein was obtained from sources believed to be reliable. However, we do not guarantee the accuracy and completeness of the report. Opinions expressed herein are subject to change without notice. This report is for information purposes only and should not be construed as an invitation, offer or solicitation to purchase or sell any futures product referred to herein. The Author may from time to time has an interest or position in the futures products or stocks mentioned. There is a risk of loss in trading stocks,futures & derivatives like products.

Bursa Malaysia (KLSE) Daily Info Edge Zone