Get Updated

Traders Trade

Friday, January 18, 2008

Market Technical Reading : Losing 1,400 Could See Stronger Follow-Through Selling …

- Though the KLCI registered a strong “hammer” candle yesterday, it is still trading in a volatile environment.

- It needs a strong rebound above 1,492 and 1,500 to return the market confidence after recent shocks.

- Given another nasty drop in overnight US market, we see a higher chance on a steeper fall today.

- If the KLCI losses the 1,400 psychological level and the 1,395 support, follow-through selling could be stronger than before.

No comments: