Current KLCI still stay below 200 days
moving average. As we can see from the chart, the KLCI has been moving
side way for almost 2 weeks. Where was the index is heading to? The
indicators are telling us that the momentum is showing strength towards
up but the KLCI didn't perform at all.
The world equities market especially the
world market indexes are moving upwards. Their momentum also showing
positive sign with the Dow Jones, Hang Seng and STI also moving up
little by little.
From here we can see that the KLCI is
making a technical rebound but anything can happen in the first place.
Stay at the side line before making any decision. As long as the index
still trade below 200 days moving average it is advisable to monitor
it.
http://malaysianshares.blogspot.my/2016/05/klci-still-below-200-days-moving.html
