Reflections on Volume

Big volume without further upside equals distribution
Big volume without further downside equals accumulation

Volume tends to peak at turning points
Volume often precedes price movement
Volume is a relative study

Tuesday, January 22, 2013

'Market overreaction presents opportunities'

The local stock market overreaction over the upcoming 13th General Election (GE13) would present buying opportunities
for investors, says MIDF Research.

Yesterday, the FBM KLCI reacted negatively to market talk that Prime Minister Datuk Seri Najib Tun Razak may soon seek consent from the Yang di-Pertuan Agong for the dissolution of Parliament as early as this week.

If it turns out to be true, the GE13 will most probably be held by March 2013, MIDF said.

However, it said, investors may have overemphasised on the election consequence as the research house views the likeliest of results is that the status quo would remain.

"Hence, this presents an opportunity to investors with risk tolerance and who share a similar view," it said in a research note today.

Read more:

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.

Related Posts Plugin for WordPress, Blogger...