Sunday, April 15, 2007

No Position

KLCI fail to break the 1310 resistance. The Stochastic looks very bad. Technically, bearish wedge chart pattern on the KLCI is likely to trigger more selling interest; this will grease downside toward 1285, the February 26 peak. As for myself, I do not plan to take any position just yet. However, still got some stocks to monitor as in the my TOMYAM SHOPPING LIST. Happy Hunting.


For 13/4/2007 the index ckose at 1,308.2000.
Overall, the bias is: Upwards.
The projected upper bound is: 1,359.43.
The projected lower bound is: 1,262.04.


1 comment:

OptionPundit said...

INtresting blog, found something interesting about KLCI first time. Thanks for sharing your views.

My focus is on options trading.

Thanks and profitable trading,