Tuesday, 11 February 2014

The Invisible Hands In FBM KLCI

Here is the excerpt from a news:

...With regard to the top 100 stocks on Bursa Malaysia, MIDF Research believes that investors should stay on the sidelines for the time being. 

 "The FTSE Bursa Malaysia KLCI's 30 component stocks may be supported by 'invisible hands' to ensure that the index stays above 1,800 points. However, the remaining 70 biggest-capitalised stocks are heading for the danger zone." ...

Is palm oil futures having "invisible hands" too? Yes, for sure, as the size of an order does affect the spike of cpo futures prices in short period of time; however, long term trends will be very hard to be manipulated. Read more long term technical trend indicators and you will believe it as big boys also follow trends, not against trends. 

Source: Foreign funds continuing selling mode http://www.btimes.com.my/Current_News/BTIMES/articles/20140210234059/Article/index_html#ixzz2syObT9VT