Where Are The Investors Hiding While The Bulls Are Stampeding In The Market?
The month of July have brought our Malaysia FBMKLCI to a Historic All-Time-High reaching 1650 points. Last week we’ve seen a profit taking in the market but this is a healthy market correction as our FBMKLCI are well supported on our Major Short Term Trend Support. As long as our Major Short Term Trend is not VIOLATED, we foresee FBMKLCI will continue to break another Fresh New High in the coming weeks. Below are the outlook towards the FBMKLCI, FBMSCAP, and FBMACE Market Indices August Outlook: