 |
| Stale Bull Action? |
What can be seen is stale bull action or possibly corporate buy-backs for the treasury to ensure that the stocks hold up in the advent of the impending 13th GE.
The pertinent indicator today will be volume.
I expect the trading on blue chips to be thin with support for government-backed counters such as FGV.
The telecommunications counters which has fallen quite a fair bit is improving marginally.
Large cap stocks are just maintaining their price range.
Do not expect an adrenal rush to occur anytime amongst buyers.
No gangnam music is heard so far.
No comments:
Post a Comment