Where is FBMKLCI now? (23-27 April)

Although the longer term weekly chart had not indicated a complete breakdown of the uptrend yet, as it is staying above the 20w MA, the daily chart is bearish, and showing a signal of an upward trend reversal. The daily volume of the week had been moderate and consistent, but KLCI had been declining. I would take this as the bigger players were switching the stocks within their fund portfolios, letting go of more index linked stocks, driving down the index.

So what can we expect next week? It is uncertain, as we have the uncertainties of the general election date, as well as the impact of Bersih 3.0 rally on 28/4/12. We can only see the likely the impact of Bersih 3.0 rally on the local market the coming session. I had underestimated the sentiments of the market on Bersih 3.0, and in fact forgotten about its likely impact, and the market did not consolidate or rebound as I had expected, but instead it had declined.

But apparently the foreign funds participation remained positive for the week, and again the decline in KLCI in the past week was mainly due to profit taking activities as well as switching of stocks in the funds portfolios, rather than exiting from the market. The index was also affected by the selling of Armada, which is also an index linked stock, though it is a small component of KLCI.

The coming week will see the end of April which will also coincide with the fiscal year end of some funds, so the index is more likely supported. But in May 2012, we have yet to see. I see the critical support of KLCI is the 20w MA line, which is around 1555. But I would expect retail investors would start to get panicky and losing their direction, and will sell down their stocks, especially the punter penny stocks. After this analysis, I would have the more cautious and less optimistic sentiment, but we have to see the emerging few this week, and any positive external developments like QE3 may be a driver to boost up the local bourse for a strong rebound. Entry at this moment will carry higher risk of uncertainty, so let's just wait and see.

source : http://fundamentalwithtechnicalanalysis.bl...3-27-april.html

so going into smartag at this moment is risky loh??

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Added on April 30, 2012, 12:58 pmi no subscribe RI, so there will be no expiry period for me..
you got a point there about dilution..thanks for tunjuk ajar ice gor..

This post has been edited by hong7788: Apr 30 2012, 12:58 PM

you may just read all the words and the chart inside the blog post first and decide yourself... hehe..

smartag might be at bottom part? who knows...

anyway congratulation on all who bought alot of BIMB-CC last week...

MK tunjuk ajar 1.

why still so many don't know how the OR works!!

Those who have the OR and want to subsribe for RI - Hold OR then subsribe
Those who have the OR and do not want to subscribe for RI - sell OR
Those who don't have OR and want to subsribe for RI - Buy OR and hold then subscribe
Those who don't have and no intention of subscribing RI -just ignore

Those who have OR and want to subscribe more of the RI can either
1)buy the OR to subsribe more
2)apply for excess application which comes together with the normal RI application forms and purchase seperate bank draft for excess (but you will not always get this excess although you apply. Unsuccessful excess application bank draft will be sent back to you (similar to IPO)

This post has been edited by rayng18: Apr 30 2012, 02:40 PM

wow..bone is back...since when leh...?

last week

Today really nobody working.... my office here too...have to cover those on leave geh... im now only taking lunch...

OR is a right issue form actually, aka let you have the right to subscribe the right issue.

kancil any short trading now ? no curi curi since from last week

the rotten fruits is gone case?

Maybe get caught in 428...hehe

im going into Mtronics

oooo Spain GDP better than expected.... ~phew..

DAX in green.. not bad...

hmm technically, i think Armada is oversold and due for a rebound anytime, probably later this week....

Just known that beer price is going to increase in May, so may be good for GAB and Carlsberg.

divvy for carlsberg ex on 2/5/12 so hurry those who want some divvy have to buy now last day today