Malaysia GE13: What would happened to KLCI Tomorrow?

By: Bullseye

5/05/2013

Topic: Malaysia GE13: What would happened to KLCI Tomorrow?

Dear Readers:

I bet you're anxious with the upcoming results, who would actually take over Putrajaya? Would it be Barisan Nasional or Pakatan Rakyat? Regardless of whichever coalition manage to step into Putrajaya, we could comfortably 'predict' that tomorrow would be a southward bound trend for our KLCI tomorrow.

How bad would it be? Or how 'good' would it be? Are you still having any 'short' position since the parliament being dissolved? It may seem to be a good indicative measure where you may be able to escape the tragedy from the unexpected trend where it has been around 1700 after the dissolve of the parliament.

We are expecting a support around 1600 when the market opens, with a second support at 1550. But Malaysia being a wonderful country where the unexpected to be expected, there may be an odd situation where it may turn tables around and would provide a surprise for traders. But the possibility would remain minimal.

 

Disclaimer: The information and analysis mentioned above are solely based on Invest ACE’s personal technical analysis with the aid of professional training, decades of experience and meticulous foresight; Invest ACE shall NOT be held liable for any losses (financially or otherwise) incurred by any parties relying on aforementioned analysis without prior professional consultation. Should you wish to find out more on how to invest wisely, do not hesitate to contact Invest ACE via investace126@gmail.com.