KLCI
Our forecast on 12/03/2013 that market will turn unexpectedly happened today, index was dragged down 13.1 points to 1627.64 during matching session. Anywhere, this might be the start of sliding, market might be bearish towards election phoebia and any rebound will be considering as distribution by shark towards retailers. Thus, traders please trade cautiously and do not hold too many stocks.
In the case that market collapse more 100 points due to election effect in coming days, those holding with cash will be the winner after election.
Traders can monitor below stocks for short term
trade:
1. KSL
2. Dayang
3.MPHB
4. KLCCP
5. Ijmplnt
6. BIMB
7. Timecom
8. Spsetia
9. Gamuda
10. Bstead
11. Takaful
12. Cresndo
13. Uoadev
14. Pwroot
15. Tebrau
FCPO
FCPO is forming double bottom now, if the price can hold above 2432, market will start to favour in long position
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