FBMKLCI - No Sign of Turning Back

Our FBMKLCI showed no sign of turning back, not even a short glimpse~ Today (20 March 2017) is our FBMKLCI's 3rd day's bullishing up day. And the volume just could not stop getting higher and higher. 

FBMKLCI Daily Chart

After the agreement between PETRONAS and Saudi Aramco on 1 March 2017, foreign funds had been actively buying in, which we can observe through the statistics below:

Market Participation[1]

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Summary of January 2017

Our FBMKLCI had been in raging mode since the first day of 2017, opening at 1,636.94 and continue to move upwards like there is no tomorrow. Maybe the year of rooster really fly off~ Lets take a look at our FBMKLCI daily chart.

FBMKLCI Daily Chart

After a V-shape rebound, our index had been in an uptrend mode. Till now, it had surged up around 4%. Notice i had 2 simple moving averages? SMA50 and SMA200. Our market had broken the sideway pattern and seems there's a small bull run. And not to mention our FBMACE Daily Chart as well.

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