As the saying goes, “Sell in May and Go Away”. This comes up yearly, as May has traditionally been a weak month for stocks. If you invest or trade in Bursa, do you know the past performance of Bursa in May?
Well, in summary, in the past 10 years (2014-2023), we have seen 7 years where May have been a DOWN month.
I don’t have a crystal ball, but the odds are stacked against a bullish month, as KLCI nears 1600 level, which will be a resistance lev...