whua: By the way what's your opinion on Bursa price fr next monday to 31 Jan? Any thinker from Fundalmental/TA/Sentiments perspective?"
Smartbiz: Technically, FBMKLCI is trading in a tight range between 1,577-1,558. Any upward or downward breakthrough will form a new scenario.
It is opined that market won’t go for any deep correction as overall market sentiment is still bullish and there are numerous “good feelings” out there to support the market.
After last week’s breather, weeks ahead, there might be a Chinese New Year Rally. But, it is opined that any rally will also invite profit taking as investor refuse to take any long position amid the approaching of a long holiday. That should be the right strategy.
On the contrary, if market underwent a correction, it should be good chance to buy back your favorites.
In concern of the semi-conductor sector, shares didn’t go up because, recently, analysts didn’t expect any better profit for this sector due to the uncertainties in world economy. The good result reported by Intel is still under digestion.
Any new analysis is beyond my knowledge.
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