final,,, fatal kill to 907..at the very last moment....
Wednesday, January 14, 2009
923 heavy resistance .... possible sell point... wait after 10am... to re test reisistance...
Deutsche Says Malaysian Stock Rally Is Unsustainable (Update1)
Email Print A A A
By Chan Tien Hin
Jan. 14 (Bloomberg) -- Malaysia’s stock rally is “unsustainable” and investors should sell palm-oil producers such as IOI Corp., Kuala Lumpur Kepong Bhd. and banks including AMMB Holdings Bhd., Deutsche Bank AG said.
“The market is in denial of worsening economic conditions; this is a market far from offering bargains,” Deutsche said in a report today. “The short-term rally” won’t continue beyond March and this is an “excellent opportunity to take profits.”
Email Print A A A
By Chan Tien Hin
Jan. 14 (Bloomberg) -- Malaysia’s stock rally is “unsustainable” and investors should sell palm-oil producers such as IOI Corp., Kuala Lumpur Kepong Bhd. and banks including AMMB Holdings Bhd., Deutsche Bank AG said.
“The market is in denial of worsening economic conditions; this is a market far from offering bargains,” Deutsche said in a report today. “The short-term rally” won’t continue beyond March and this is an “excellent opportunity to take profits.”
Subscribe to:
Posts (Atom)