Market Outlook as at February 25, 2014

Market Outlook as at February 25, 2014

As at 11.00am, FBMKLCI was down nearly 8 points to 1810. The index tested the intermediate downtrend line, RR at 1820 yesterday and this morning, it failed to go further. The index is now likely to test the intermediate uptrend line, SS at 1800. Until a convincing breakout of these two trend lines happens - either to upside of 1820 or downside of 1800 - the market will be on the holding mode.


  Chart 1: FBMKLCI's daily chart as at Feb 25, 2015_11.00am (Source: ShareInvestor.com)

 
 Chart 2: FBMKLCI's weekly chart as at Feb 25, 2015_11.00am (Source: ShareInvestor.com)

Note:
In addition to the disclaimer in the preamble to my blog, I hereby confirm that I do not have any relevant interest in, or any interest in the acquisition or disposal of FBMKLCI.

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