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NewsHDBSVR sees KLCI facing resistance at 1,580-level
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HDBSVR sees KLCI facing resistance at 1,580-level
by hlk Wed 30 May 2012, 09:47
KUALA LUMPUR: Hwang DBS Vickers Research expects the benchmark FBM KLCI to face resistance at1,580 on Wednesday after breaking past the immediate threshold of 1,555 on Tuesday.
On
Wall Street, it said US markets played catch-up with Asian equities
when its key equity indices rose between 1.0% and 1.2% last night
following an extended weekend break.
HDBSVR said that sentiment
was lifted by opinion polls that Greece voters were in favour of the
country remaining in the euro bloc while US housing date showed
improvements. On the corporate front, the raft of result announcements
issued on Tuesday evening saw mixed reviews with positive surprise
coming from UMW Holdings but IJM Corporation, IJM Plantations and Sunway disappointed.
Separately, Pestech International is due to make its debut listing on the Main Board.
On
Wall Street, it said US markets played catch-up with Asian equities
when its key equity indices rose between 1.0% and 1.2% last night
following an extended weekend break.
HDBSVR said that sentiment
was lifted by opinion polls that Greece voters were in favour of the
country remaining in the euro bloc while US housing date showed
improvements. On the corporate front, the raft of result announcements
issued on Tuesday evening saw mixed reviews with positive surprise
coming from UMW Holdings but IJM Corporation, IJM Plantations and Sunway disappointed.
Separately, Pestech International is due to make its debut listing on the Main Board.
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Re: HDBSVR sees KLCI facing resistance at 1,580-level
by kppl Wed 30 May 2012, 09:49
no fear! break before....will break again...only matter of time 
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Re: HDBSVR sees KLCI facing resistance at 1,580-level
by kppl Fri 01 Jun 2012, 01:31
really malaysia boleh man!
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Re: HDBSVR sees KLCI facing resistance at 1,580-level
by Cals Fri 01 Jun 2012, 14:31
volatility in play , however if we make higher high then bullish lor
else can be bearish again
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else can be bearish again
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Re: HDBSVR sees KLCI facing resistance at 1,580-level
by kppl Sat 02 Jun 2012, 00:02
yah man .... exactly as i see it...if it doesn't hold above 1580...means just a technical rebound glitch or some sort...we are headed south..
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