Very bullish on KLCI, I am very excited that this round KLCI has failed the expectation and the up-move is limited to only 1370 region.
For those who are sharp, observe when KLCI rebound from the low 801 in Oct-2008, it would leap 200 points every 4 -5months, is the same gonna continue?
If that's gonna continue, by end of July, KLCI shall close at 1,500... The truth has been revealed with July closing KLCI 1360.
Combine with the expectation of the Dow fall, Higher possibility that KLCI correct, before he resume rally.
I would place my Short around 1360-1370.
1st Target 1345.
2nd Target 1335.
3rd Target 1305.
Hopefully today KLCI candle closed with a strong reversal signal.
I agreed with you. Tg1 1350, Tg2 1336, Tg3 1316.
ReplyDeleteToday i think a Doji will form. At time of writing, KLCI at 1362, high at 1368 and low at 1361. HSI up by 380 closed 21412...