KL Composite Index

KLCI Weekly Chart

KLCI weekly chart showing that KLCI turning down at the moment due to US subprime mortgage issue this week. Most stocks analysis said that Asia market will fluctuating by next week since most investor and floor trader will trade carefully until market showing good sign and quite stabilize.

On Friday, KLCI closed at 1287.7 points after touched the fibonacci 38.2% line at 1275.13 points. The last 3 black candles with high volumes and 14-period RSI turning down suggest that overall market still down.

The KLCI pattern movement at moment is volatile therefore if you playing counters good trading skill is a must to overcome the high risk and protect your capital. You may choose to stay aside if you are lack confident during this situation. Pay books and attend courses to learn is better rather than pay to stock market. Don't pay high cost for the simple learning. Do mistake in trading is not strange but once you do mistake, take it as a part of trading lessons. Don't repeat the same mistake or you will gain nothing.

Happy learning and happy trading!