Tuesday, April 22, 2008

KLSE Update

KLSE managed to break through its 50 day moving average yesterday.

The recovery that began on 18 Mar 08 has brought the index from a low of 1166 to 1280. The index has also broken through the down trend line which is another positive sign of a recovery.

If the index can stay above 1264, the Fibonacci objective will be at 1314.

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