We started with a scare in the stock market! All major indices got a KO punch, including local index. But what we think is that the end may be near.
DOW if touch 15500 at the 200Day MA or below will be a good buying area! Now 15700 triple top support. Hang Seng below 22000 is cheap, Shanghai Composite is strong at 2000, STI multiple support at 3000, KLCI should go back above 1800 support, Nikkei buying zone is 14500-15000.
Let us hope this CNY does wash off the bad start to the year ahead! Huat ah!