Remember the LORD for it is he who gives you the ability to produce wealth and so confirms his covenant... Deut. 8:18

Tuesday, July 25, 2017

KLCI hovers at 1760: Bearish

Over the past months we have seen the KLCI approaching the target of 1800 but never quite breach that mark and since then it has tumbled to the current range of 1760.. In that period of time we have seen a lot of stock/share regaining their prices and some even posted their new high.

However stock prices have since slid below their highest attained and with no catalyst in the immediate sense, I believe it is about time to take profits again and minimise our positions in the stock market....
I don't really like what I'm seeing in the market in terms of prices and volume...
Happy trading then...

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