FBM KLCI Closed 1,300 Gap - Buying Into Market Is Near | Bursa Malaysia (KLSE) Daily Info Edge Zone

2010-07-06

FBM KLCI Closed 1,300 Gap - Buying Into Market Is Near

Yesterday FBM KLCI is close below 1,300 level and still did not roll out any news said that FBM KLCI will dip below 1,270 (SMA 200). Once this news roll out than this is the time to buy good quality share. Vol also need to be high when the share dip near SMA200 level.

On 8 July 2010, Bank Negara may review the OPR rate again and this is bad for people like me, need to pay more for house installment.

Next month August and September will be the month of Call Warrant expire zone, about 20 CW (For August) & 25 CW (For September) will be expire so if the bank can manipulate the share dip below SMA200 level I think they will make a huge profit.

1 comments:

Ivan July 6, 2010 at 2:07 PM: Bro,

I think mkt will rebound by today and tomorrow, as DJIA may close green tonight (expect) :D

Over s/term period. . end of this mth, chance for DJIA drop are much higher. That is a very risky to buy cw right now..

While PW in local mkt are quite expensive (premium). The only good to hold is IOI-PW, less than 5% premium. But we don't know whether at August , how was the mkt movement, and how far IOI can stand at.

Waiting for the bear/bull cert to issue in mkt. . perhaps that is another investment/trading vehicle for us to look around :D

happy sharing. ..

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