KLCI had a big bounce from 800 to 900. Downtrend line resistance is at 950-970. So, will it go higher? What are the fundamentals for it to go higher? A new US president does not mean that the problem will go away overnight. The next fear factor may be China contracting GDP.
My interpretations for the various sectors in KLSE are:
Malaysia | Longterm | Midterm | Shorterm |
KLCI | Down | Down | Neutral (+) |
Finance | Down | Down | Neutral (+) |
Construction | Down | Down | Neutral (+) |
Plantation | Down | Down | Neutral (+) |
Property | Down | Down | Neutral (+) |
Mesdaq | Down | Down | Neutral (+) |
2nd Board | Down | Down | Neutral (+) |
For the rest of the world:
World | Longterm | Midterm | Shorterm |
S&P500 | Down | Down | Down (-) |
DJI | Down | Down | Down (-) |
NasdaqComp | Down | Down | Down (-) |
Nikkei 225 | Down | Down | Neutral (+) |
Kospi | Down | Down | Neutral (+) |
SSECI | Down | Down | Down |
HSI | Down | Down | Neutral (+) |
TWII | Down | Down | Down |
STI | Down | Down | Neutral (+) |
SENSEX | Down | Down | Neutral (+) |
FTSE | Down | Down | Neutral |
DAX | Down | Down | Neutral |
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