Bursa Malaysia June 2016 Market Update [02]

fbmklciimportant

As of 21/06/2016, the Malaysia FBMKLCI remains trading at a sideways position. Take note that the previous rebound on the index were taken all the way down back to its Crucial Support. The FBMKLCI will be expected to remain trading at its sideways position until a significant break out is seen (Higher Highs & Higher Lows).

Global Market Indices are all mostly trading in a similar pattern with the Malaysia FBMKLCI which means no lower lows are seen in any major market indices yet. Hence in a sideways market no doubt opportunities are seen less and patience is virtue to all investor/trader.

US DOLLAR TO CREATE LOWER LOW SOON?

US Dollar Index DAily Chart

There will still be opportunities on selected stocks in the Bursa Malaysia. Below are some of the stocks that one can follow/execute when you have a Trading Plan.

LAST CALL for the invitation on the 25th June 2016 Market Outlook Event!

(Click on image to view for more info and registration)

tfm event poster

t6

(10 years position trader, founder of http://www.trendfollowingmalaysia.com)

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