Tuesday, July 8, 2008
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As I sit in front of the market screen, I gazed and wondered what will happen next. Here are my thoughts and ideas for the Bursa Malaysia Stock Market.
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1 comment:
Martin,
Looking at PBBANK chart for the last 2 years, you can probably draw an uptrend channel to act as both resistance and support. Whenever the price touched the channel support level, it would bounce back with high volume support.
Currently, the price is touching the support level again but somehow there is no high volume coming in to reverse its downtrend.
Is this a sign of weakness that even the syndicates are staying out to see how far the market will slide?
Thanks,
CW
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