At the KLCI, an engulfing black candle has appeared with reduced volume. This is bearish. If the next candle closes below the low of this candle, i.e.1, 270.40, a correction is likely to commence.
LB Aluminum was looking fairly good throughout the day. But since it closed with a long upper shadow, it is better to wait for a better picture to emerge before doing anything.
Before you attempt to beat the odds, be sure that you could survive the odds beating you.
Larry Kersten (American sociologist & author)
