My prediction was not correct! KLCI has surged added + another 7 points. Look at the LONG candle in the white box. Beyond my prediction, Axiata and CIMB has emerged as saviour. further PChem has also traded above the resistant level of RM7.25. Look like the short term bullish trend will continue tomorrow morning.Next question, how to improve my observation or prediction of market? if you observe the chart on the regional market, Malaysian market was closed from 1230 to 1430 local time but other regional markets are trading as indicated in the box. During this period all regional market has surged to new high which i believe is the catalyst for the Malaysian Market to surge higher when it started trading at 1430. Looking back at the KLCI chart, the KLCI move up only in the first hour of trading. Something that i missed! Hence, the learning point here is we could deploy a arbitrage strategy here in the second half trading session at KLCI. Great!
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