Trend Following On Malaysia FBMKLCI March 2013 Outlook

malaysian-flag1

 

The Malaysia FBMKLCI today rose 13.49 points to 1637.63 points led by most of the index-linked stocks. The FBMKLCI recently rebounded from its crucial support 1617 points to avoid going for a deeper market correction ahead of the general election in Malaysia. But is the current market rebound a market rally with the upcoming election fear is still around the corner?

Like how we mentioned in our previous post, the rebound of the FBMKLCI from its crucial support 1617 points does not mean a market rally will occur anytime yet until a ‘short term trend is formed’, else the current market rebound will not last and with any sudden bad news will bring the FBMKLCI for a pull back to its crucial support.  However if a short term trend is able to form in the FBMKLCI a rally is expected but with the fear of the general election investors/traders are still advised to invest and trade with care.

 

FBMKLCI

 

532726_10150976187569443_549486314_n(Founder of Trend Traders Network, Equity Market Investor/Trader, Trend Follower, Financial Speaker)

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s