World Cup Will Start Mid-June, How Far FBM KLCI Will Go?

World Cup will soon start next month and base on a analysis from The Edge, share market may drop low during the World Cup season. Since now FBM KLCI index already drop almost 100 point so how far the index may go?

Base on the chart, now the next support will be around 1,232 level and 2nd support is about 1,190 level. Base on current situation, I think now will be best to keep your money and enjoy the Football match in 2 weeks time. Sport betting may less volatile compare share market right now.

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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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