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Monday 21 February 2011

JKSE Update

The index seems to be consolidating for this moment as it hasn't got the momentum to break the short term down trend, but seems the consolidation seems to end this February as the Seasonality Index showed that every February is the bottom month in a year beside the August & October.

Well, I see some bull movement will come soon this March as the market makers are still waiting for the inflation & ICB Rate announcement soon, which is expected to be increased to 7%.

Technically, the price is still consolidating even it closed last week nicely & smoothly, but remember we are still in trading phase, next month after financial reports announcements, then it's the time to have another shocks.

Rating: Trading;

I'd enter the market fully loaded if it can break the 3-month high which is the All Time High

Happy Investing^^
Disclaimer ON!!!

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