Concerns on economy recovery and negative news flow from IDR sent KLCI to 1054. Retailers are panic selling at the moment. If you notice, stocks were queuing lower in order to absorb cheaper stocks. Cheap RM also indicates some outflow.
So where is the support?
Technically, i would believe the correction would be overdone as public still lack of confidence as the market has been going up for months not weeks. Everyone is fear.
So the support would be around 1035 - 1040 and bottom still cap at 1000.
Mid - Long term trend still looks good.
Buy on dip. I believe there are more to come.
Share and Enjoy!So where is the support?
Technically, i would believe the correction would be overdone as public still lack of confidence as the market has been going up for months not weeks. Everyone is fear.
So the support would be around 1035 - 1040 and bottom still cap at 1000.
Mid - Long term trend still looks good.
Buy on dip. I believe there are more to come.
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