Sunday, January 13, 2008
Sector Index Analysis (11 Jan 2008)
What a rally. Daily is overbought. Weekly coming to overbought zone too. Correction should set in, if not I will get more nervous. The target for most analyst has been reached in the 2nd week of the year. What's next? Just ride the bull.
Maybank and Commerz help the index to break out. I missed out Maybank warrant. Commerz has no warrant, so left PBBank. I hope it will move too. Chart not yet overbought, so I am expecting for more upside.
Breakout too. I'm wondering how far will Gamuda go. I'm still observing YTL. The chart for YTL does not look good. Maybe I should consider Cresbld?
Still going up. No idea where will it stop.
Downtrend confirm broken. I shall wait for the base building phase first. I will still not buy any property counter yet.
Downtrend has been broken. Still waiting for the base building phase. Not interested in any 2nd board counters.