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Tuesday, December 15, 2009

Breaking of Triangle Formation

Did you see that? KLSE index finally breaking the triangle formation that I mentioned about in my previous post, before the market close today. It indicating the bull trend will be continued to serve the traders.


Not only that, quite a number of leader stocks in my list are also already breaking of their formations these few days, including CIMB, TopGlov, PbBank-01, etc.
On the other hand, analysts claimed that these 2 days bullish were due to the good news from Dubai. But in view of the dead fish trading volume and index from KLSE, it doesn't affecting KLCI much, perhaps only to LCL.

I would say it's time to re-enter the market and reap profit now. We just need to take note the low volume traded, because many traders and fund managers are going for vacation these few weeks. Since they are not throwing the share, what we waiting for?

Happy Investing.



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