Wednesday, September 28, 2011

A profit-taking day for KLSE?

With Dow and European markets up yesterday. What will happen to KLSE today?

Morning session should be good, as market will follow western uptrend but will not push for another 30 points gain. There might be some profit-taking as the confident on the market is still fragile.

For afternoon session, market will begin to encounter profit-taking. Depending on the Europe early trade, if there is no bad news from western country and there continue their uptrend. Then chances for KLCI to stay green are greater.

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