FBMKLCI, best performance among others

FBMKLCI breaking past psychological mark1300 this morning, open with 1313.43 and continue to rise.
From technical outlook, the index consistently ride above MA50d and MA14d will cross above. ADX, MACD all point to a positive move, especially MACD crossover at below zero 2 weeks ago was excellent. If history does repeat, we might see an uptrend similar to March 09. This need to be support by increasing volume.

Since new year, KLCI has perform fairly consistent compare to other market,  increase 3.6% which is the best. Philippines comes second with +3%. Taiwan Index decrease 5.6%, which is a bit of a shock. Hong Kong also record -2.9%.

As a conclusion, we should feel more confident with KLSE in short term. Technically is very bullish and strong support of 1302. We should take this opportunity to increase our holding.