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Wednesday, November 24, 2010

Malaysia FBMKLCI long term bullish view - 24112010

KLCI Daily Commentary
Refer to KLCI daily chart, the KLCI has started the uptrend since March 2009 from the low of 800 points level. A long term uptrend support line is formed by joining the 2 low points shown. Thus, it is clearly indicated there will be a very strong support level at 1405.

Summary
As long as the KLCI stay above the long term uptrend line, I am still bullish on the market, and there should be a bargain hunting opportunity during market weakness.
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