KLCI has presented a trading opportunity despite all criticism going around. KLCI show an divergence outlook during the Apr - July period. KLCI scored a new high in July but not RSI. Market tanked for three weeks already. Extreme Fear condition also give rise to oversold of equity in short term. The gap down hammer last Friday is interesting. A classical example of bull and bear is in a fight within a single day. As usual, the programmed sale is executed fast in the early trade, but the greedy side of market emerged so furious to load up from the low of market. As smart investors, you should buy only after the gap is closed. you should trade only when edge is on your side.
Saturday, August 6, 2011
Local Scene
KLCI has presented a trading opportunity despite all criticism going around. KLCI show an divergence outlook during the Apr - July period. KLCI scored a new high in July but not RSI. Market tanked for three weeks already. Extreme Fear condition also give rise to oversold of equity in short term. The gap down hammer last Friday is interesting. A classical example of bull and bear is in a fight within a single day. As usual, the programmed sale is executed fast in the early trade, but the greedy side of market emerged so furious to load up from the low of market. As smart investors, you should buy only after the gap is closed. you should trade only when edge is on your side.
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