Wednesday, November 28, 2012

KLCI rebound after 4 weeks of sell down?

Since early November (2 Nov to be exact), KLCI has been selling down for almost 4 weeks from the high of 1678 to today's low at 1590. Today we finally see a long green candle, is this a sign of rebound? Currently the 200ma of KLCI is at 1609, long term investor might want to wait till the index cross the 200ma for more confirmation.
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