2012 June FBMKLCI Analysis Final

• First of all try to look back my previous analysis (  http://christrade.blogspot.com/2012/06/2012-june-fbmklci-analysis-3.html  )
• Market as expected struggling on the Blue Zone.
• With the Euro News, I am expecting next trend will be hitting my 138.2% Fibonacci point which is the next resistance of bullish.
• There are plenty of IPO is releasing these days, so you can try to link on them with the market. 

28/6/2012

• KLCI down 7.65pts
• Early morning KLCI was in green, affected by FGV ( Second largest IPO in the world )
• Foreign Fund was selling madly yesterday with huge volume.
• Retail Investor for those who applied FGV IPO earlier, they were selling FGV with 20% profit.
• Local Fund doing their job to support FGV counter with huge amount.

27/6/2012

• KLCI up 7.79pts.
• Foreign Fund is back in action with moderate volume. 
• Retail investor continue the buy with uncertain decision.

26/6/2012

• KLCI fall 9.02pts
• Local fund and Foreign fund is profit taking after a long run, while all over the world's future are in deep red.
• Surprisingly, we can see that Retail Investor are waiting to buy in Bear Market and hope the bull drama repeat.
• FBMKLCI is still in support zone, as I mentioned before we will be in sideway trend and struggling in blue zone. If broke either Resistance or Support, it will be a confirm direction for another level of market. (  http://christrade.blogspot.com/2012/06/2012-june-fbmklci-analysis-3.html )

25/6/2012

• KLCI up 0.05pts
• Foreign Fund is back in action with low volume pushing up KLCI.
• Local Fund is slowing down the pushing up but no intend to sell down or profit taking unless there is new saying that Subsidy for other sector. 
• Retail Investor feel fear because of all other countries Futures doesn't look good and in deep red, but retail investor do not have big affect to the market even they feel fear or happy.

22/6/2012

• KLCI up 1.64pts
• Retail investor was in negative zone of NET, but it had changed to positive last friday.
• Foreign Fund had been buying in small amount for last week.
• Local Fund is funding money for some event purpose.  

2012 June FBMKLCI Analysis 3

• Try to look back my previous analysis : http://christrade.blogspot.com/2012/06/2012-june-fbmklci-analysis-2.html
• It hits my 100% fibonacci Resistance. 
• I am assuming that FBMKLCI is in sideway trend which is struggling in Blue Zone.
• Either UP or DOWN, you have to observed on the Support and Resistance Line.

21/6/2012

• KLCI down 2.96pts
• Foreign Fund starting to turn positive buying in 3days.
• Retail investor line chart is showing they are in panic buying yesterday. 

20/6/2012

• KLCI up 9.41pts.
• Local Fund and Foreign Fund are supporting KLCI
• Foreign Fund continuously 2days in positive NET BUY
• Retail Investor is looking for exit signal and stay sideway.

2012 June FBMKLCI Analysis 2

chart (A)

• First of all, try to refer back my previous analysis  http://christrade.blogspot.com/2012/06/2012-june-fbmklci-analysis.html 
• It hits my Fibonacci Projection 61.80% and going to hit my 100% Fibonacci Projection resistance level
• Fibonacci 61.80% become my first support level and I remain the same previous critical support level.
• The last 3 candlestick ( a small black doji ) hits my resistance. So it proved that my previous forecast call is correct said by Mr Market. 
• What is the next level? Look at the highest Resistance.

19/6/2012

• Foreign Fund buy and Local Fund hold, KLCI up 12.25pts.
• Try to look back 11/6/2012 (  http://christrade.blogspot.com/2012/06/1162012.html )
• The NET volume is low, so there is no signal saying Foreign Fund is back in action.