Wednesday, May 20, 2009

MarketWrap : Bullish going forward....


KLCI strength lasted throughout the day despite weak external factors....amid buying in bluechips counters. It seemed new money had entered the market from the sidelines....most likely local maybe the newly launched TIA ?? KLCI finished at year-high
FKLI got dragged along and triggered a technical breakout scenario. More upside is seen in the near term. Game plan : take long position for long term play, with stop below 1000.


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