FKLI stuck at 880-900 lately, failing to clear 100SMA or 900 hurdles despite multiple attempts. Firm at the upper range but I wonder how much internal stimulus could lift the mkt if outside factors remain negative > DJ at 12-year low, Citigroup fiasco, poor earnings reports continues and Malaysia 1Q09 and 2Q09 GDP are likely to be negative.
It’s tough to place a scenario (easier to just wait for technical signals in the short term or economics data in the long term) but if I do, I would imagine the worst-case scenario.
For this month, we can expect a range of 865-910 range, which is still a consolidation band.
It’s tough to place a scenario (easier to just wait for technical signals in the short term or economics data in the long term) but if I do, I would imagine the worst-case scenario.
For this month, we can expect a range of 865-910 range, which is still a consolidation band.
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