RM is consolidating to support level. It was bearish again dollar index. That does not mean KLCI stock market can survive simply because of RM only, there are other technical details. At this stage government is trying to support the market, but to what extend. You can only spoon feed kids, but not adults.
Index tracing for support at 1650. Technical forecast shows further slump until 1600 by November. Looking forward to reach 15++ by end of the year. H5 should be 100% profit by then.
Dow is totally misleading market and news. Totally bulled without Redbull. Companies missed forecasts and December hike rate does not seem to shake the index. Dollar index however has increased against other currencies after the news.
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trunks
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Posted by trunks > 2015-10-26 16:25 | Report Abuse
but how come RM seem strengthen at this time?