KLCI below $1,250.00 by 25-Dec-2009 -

On 22-Nov-2009, PracProphet predicted the stock price of FBM KLCI (KLCI) to go below $1,250.00 by 25-Dec-2009.

KLCI below $1,250.00 by 25-Dec-2009

by PracProphet

22-Nov-2009 11:11 AM

target price: $1,250.00 ( -1.91 % in 32 days)
price when predicted: $1,274.36
current price: $1,358.41
217 days pass target date.

Why?

There is a significant divergence between the price vs RSI and MACD between the Nov 17 high and the Oct high. Prices made a new high while both RSI and MACD made a lower highs.

Take a closer look at this :chart link

1250 is my target.

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Comments

by taetohhway 23-Nov-2009 7:41 AM

Sorry to say that your target is wrong. We are expecting KLCI to challenge 1300 very soon....

by reaz 23-Nov-2009 11:13 PM

Gotta agree with taetohway!

Good reading on Proton taetohway.

Dow just broke last high. KLCI shall see the same

by reaz 23-Nov-2009 11:13 PM

Gotta agree with taetohway!

Good reading on Proton taetohway.

Dow just broke last high. KLCI shall see the same

by PracProphet 24-Nov-2009 3:03 AM

taetohway:

Thanks for your comment anyway. Why not you make a prediction on your reasoning why we are challenging 1300 soon and give it a date. Lets see who is correct :)

by PunterY2K 21-Dec-2009 1:19 AM

This is impossible for KLCI to break 1250! Windows dressing resurface last week. I expect KLCI to trade range bound with selective buying on lower liners and bluechips. 1255 is very important support for KLCI and the correction is done over the past few weeks. KLCI going to be bullish trend crossing 2009 to 2010!!!

also post my comment to facebook

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KLCI below $1,250.00 by 25-Dec-2009

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