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FBMKLCI: Thought 1Q2019 already seen worst but 2Q2019 reported earnings not seem better as headwinds cont. to affect them.
The gov may have to step in with an expansionary Budget 2020.
Though results for coming quarters could be worse, companies which reported improving qoq and yoy are expected to perform ahead.
So stock picking remains key ...
Technical indicators are improving with slow stochastic indicate buy signal and MACD crossed the signal line.
Resistance is at 1626 followed by 1660. Support is at 1571 n 1550.
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Disclaimer: None of the content published on Bursa Chat constitutes a recommendation that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person.
The gov may have to step in with an expansionary Budget 2020.
Though results for coming quarters could be worse, companies which reported improving qoq and yoy are expected to perform ahead.
So stock picking remains key ...
Technical indicators are improving with slow stochastic indicate buy signal and MACD crossed the signal line.
Resistance is at 1626 followed by 1660. Support is at 1571 n 1550.
Get RM10 Free With BigPay MasterCard. My referral code: AQP50NWLUE
Easy steps to signup : http://bit.ly/BigPayBC
Disclaimer: None of the content published on Bursa Chat constitutes a recommendation that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person.
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