Just you thought that fkli can easily sustain above 1170…but comes a shockerFbm suffers big dips on its own in the afternoon around 3.50 pm., causing big negative reaction in fkli activities, hitting intra-day low around 1165++ from 1175++ and the fall was rapid too, causing some panic. Why ?- I really do not know, maybe mth-end profit take ? some say ISA issue..huh!
Then, fbm jump back 6 points in the preclosing stage to close near the high....duh. But fkli "feeling" sudah very hurt ! so it fails to recover…struggling at the day low. ..too bad!
Fkli selling was a kneejerk……so the mkt can rebound on Monday amid the big discount to Fbm.
Upside target, 1200, remains intact. A convincing sell signal will appear if it cross below 7SMA or 1160 level. 1160-1180, tough to trade.
Above 1170 is +ve but familiar range so only a cross above 1180 is a strong buy signal.
what a fiasco today!i suspected syndicate play try to offload their shares in fbm at the same time trying to make profit by shorting the fkli. so when come the last hour, they sell down the fbm, take profit from their shares, make money from fkli then use the money to push up other shares. so what do you think of my theory
ReplyDeleteIt sounds like a fairy tale! Do they do blue chip stocks ? Theory like this is ever popular..but I rather not want to engage in it, true or not true, bacause there is nothing i can get out of it.
ReplyDelete