Reason for a Bearish market?:
1) Regional markets are not looking so good right now.
-today is a public Memorial Day in US and Spring Bank Day in UK. So both market wont betraded today. And that male a lot of people sell their stock b4 the weekend.
-Oil Price still remain quite high.
-The mining industry turn bad(Europe)
-The Consumer confident and property's value are relative low report say(US)
2)Technical Report
-Most technical report show that it is going to continue a slow downtrend today.
3)Local politic
-There's still not any good news that unify and strengthen the public and foreign investors.
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Reason to bull?
1) the suddenly down turn on Friday's trading
is mostly cost by people lack of confident on the market over the weekend.
however... nothing bad actually happened.
And in Economy nothing bad happened, means something good happen.
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Many speculate the market to continue a huge bearish market. But i think the market are likely to remain unchange while the futures are heading a little bit more bearish(cause the market's confident are very very low now.).
The fundamental of malaysia stock remain unchange actually. Only the external actor that cause all this.
Genting now trading at 5.95 should be a good stock to hold.
Apple-C1 trading at 3cent are also anothoer good choice(short term... should hit 4.5 cents in near futures!
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