From a big picture, FBMKLCI is pretty much still in a sideways | Bursa Pilot Group

From a big picture, FBMKLCI is pretty much still in a sideways trend. The key resistance neckline is standing around 1613, till now, FBMKLCI is still unable to breakout of that.

Therefore, our market is generally in a cycle of a few good days followed by a few bearish days. Only when it breaks the important neckline, can it signal a full bullish mode for FBMKLCI.

Though, market may not be at its best, profit can still be made by careful selection of counters. More importantly, a quicker and more fast-paced strategy should be adopted to cope with the current condition.

Fast-paced meaning taking your profits slightly faster than usual, especially if you are not investing for the long run. As market has not shown a clear direction, it will be more difficult for counters to surge strongly upwards consistently.
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