Beginning from Last Monday till today, KLCI continues to slump down trend, breaking a few support levels due to Lower Fuel Prices & Commodity prices. Penny stocks has suffered a massive sell down.
Oil Counters have fallen almost 20% from the previous high and I advise caution on trading Penny & Speculative stocks.
Regional Market shows that US Dow Jones were down by -200 points and hence today Regional Market will suffer a slight pull back. There is not much positive signals on the charts despite news is coming out that the economy is recovering.
Be very cautious during this Consolidation Period.
KLCI Daily Charts shows that its on a downtrend for now.
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