Update KLCI & Futures
Again my stock data is corrupted. Tuesday data became Monday & Monday disappeared, so I cannot analyse stocks but the Indices are ok.
KLCI - Another day up. But the Bollinger Band (BB) is narrowing. That can indicate flat trading for a short term. Unless there is a major catalyst I don't see CI bursting up or falling down. This is one fo those times when its too tough to call either way. As my reader Isaac says, its pretty blur. He's staying out of the market for now & that may be good advice. Anyway there is no reason to sell & really no reason to buy either. Maybe everyone is waiting for the budget to be presented.
CI Futures - Is continuing to rise. It is at a small premium to the KLCI. Is that indicative of future upward movement for the CI? That is very possible. From all indicators from BB to RSI & MACD as well as the 5,10 & 15-day MAV all are indicating continued rise for futures, so thats the trend for now, rising, slowly but surely. 940 is still a strong support & 960 the resistance.
posted by Dr. Siva @ 7:50 am
2 Comments:
Where does your stock data come from? If you do need any help on data, give me a shout.
BM my data comes from Cyberquote. They have been pretty good but recently they have been having some problems. Its sorted out now & fingers crossed no more problems from them anymore. Will let U know if I need U r assistance, tks
Post a Comment
<< Home