KLSE COMPOSITE INDEX DAILY CHART
KLSE composite index has been up for the last three weeks from the low of 836.51 (20090313) to the high of 910.96 (20090404) up almost 80 points - see chart for more. My clients kept on asking me the same question of if we should invest now.Fundamentally speaking, a lot of economic data have shown a positive turn around, or a least the economical data are not same bad as most people think they are.
Technically speaking, the monthly stochastic is bullish and weekly stochastic has been bullish.
I would suggest that the market is a least bottoming up now. We should get ready to buy in your favorite stocks when the daily stochastic turns oversold (currently is at overbought territory).
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