KLSE Bursa Malaysia prediction for April 2016

This is my latest video for the last day of March 30th 2016. And the stock market are seem like consolidating with the EMA20 and EMA50 moving toward each other. Once these two lines are too close to each other, we are usually expecting some major breakout, either up or down.

From my analysis on the Brent crude oil price and the Ringgit strength, its more likely for the downward trend reversal on the upcoming April 2016. Watch the following video for more details.

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2 thoughts on “KLSE Bursa Malaysia prediction for April 2016

  1. Charles Gan Post author

    At the last trading day for April, the KLCI closed at 1672 and hit the lowest point of 1662. As predicted at end of March, the stock market did falls.

    Reply
  2. Charles Gan Post author

    Later at 3rd May, 2016, the market closed at 1649 points only. Another huge fall, following the crude oil fall at the early month caused by profit taking by traders.

    Reply

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