Where is the Bull Market? Not on the blue chips and not on the small caps but mainly on the penny stocks and technology stocks. The FBMKLCI closed at 1,809pts (+11.56) on 19/03/2015 after the U..S FED Reserve maintains its low interest rate. The index is still currently trading on its downtrend ever since Year 2014 November. Thou we remain bullish on our local stock market in the Year 2015, the key resistant target to break will be at 1,830pts in order to see a clear uptrend formation on the benchmark index. While waiting for the FBMKLCI to shift its current downtrend into an uptrend, all focus are shifted towards the penny stocks and technology stocks over the past couple of weeks and will continue to run forward on more rallies. Let us take a look at the FBMACE Index and Technology Index being in a Bull Market Since January Year 2015 along with the stocks on our list.
FBMACE Index that weights the penny stocks in Bursa Malaysia have since formed a complete uptrend formation since early March Year 2015. We will be expecting more hot trading activities going on this sector until the FBMACE Index retest its Year 2014 resistant high.
The Technology Index has been in a Bull Market since early January Year 2015 and it closed at a new high today (19/03/2015). We will be expecting for more new highs created by this sector before a correction starts to kick in.
OTHERS STOCKS TO WATCH
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