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Monday, 11 July 2016
Malaysia FTSE Bursa KLCI Index: 11 July 2016, Monday, 12.33pm Singapore Time
Malaysia FTSE Bursa KLCI Index:
11 July 2016, Monday, 12.33pm Singapore Time
Attached above is the technicals for Malaysia FTSE Bursa KLCI Index.
The sharp breakdown in 2015 caused entire Malaysia public to be very bearish and gloomy about their economy. However, Big Hands and Smart Monies worldwide are big longs, to the point of MAXIMUM LONGS/BUYS after the sharp breakdown.
The green boxed region illustrates how big hands and smart monies used reverse-technicals to do re-accumulation and bullish consolidation. The consolidation is reaching an end. It is expected to break up.
A rising tide lifts all boats and almost all stocks are expected to rally (except problematic boats/companies that have holes). Buying of blue chips and quality mid caps present best yet safe opportunities now in Malaysia. It will be a commodity-stocks led rally worldwide. Palm oil, agricultural, mining and raw material stocks will be best performers in Malaysia. Bull market is expected to resume in 2nd half of 2016 and in 2017 when most are expecting a bear market and stock market crash. KLCI and Malaysia stock market is to make all time new historical highs. Expected to rally for the rest of 2016 and 2017. You are now warned before it happens.
DNA Technical Rating of Stock markets and Financial Markets Worldwide:
Bullish All markets worldwide to rally. Resumption of big bull market. Expected to rally for the rest of 2016 and 2017.