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Malaysia Bursa Kuala Lumpur Composite Index Stock Market Trends June 9, 2008

KP — Mon, 09 Jun 2008 18:54:48 +0000

As I saw Dow Jones and Straits Time Index plunging , I did a scan on the regional index as well. I am surprised to see the Kuala Lumpur Composite Index formed a white candle instead despite the bad market condition worldwide.

Looking closely, KLCI is now trading below all the major moving averages. I also see a support that it is trading nearby now at approximately 1216. Breaking which will see the KLCI having downside risk to test the support at 1166 level.

DISCLAIMER: This information is used for learning purposes only. It does not constitute an offer or solicitation to buy or sell. You should do your own analysis on top of my postings.

Malaysia Bursa Stock Market Picks June 5, 2008

KP — Thu, 05 Jun 2008 15:26:03 +0000

I used my moving average system to perform a scan today on Malaysia Stock Market, Bursa. I found an interesting counter, PICorp, that is trading near the 20d MA while it is on its up trend. Though the Malaysia market has been undergoing correction since the general election in Mar, however, PICorp seemed to be unaffected and it is still trend up.

Looking at the earlier trend, a break out strategy looks to be the best strategy for this counter.

DISCLAIMER: This information is used for learning purposes only. It does not constitute an offer or solicitation to buy or sell. You should do your own analysis on top of my postings.