We can find some sort of formation in the KLCI chart now. It looks like a rising wedge. The upper (around 940) and lower (around 860) boundaries have been set. Look for a big move in either way when these imaginary lines are broken. I'm expecting a down move. The chart has not indicate any possible big move yet. The technical is getting weaker based on the daily chart. For the rest of the sectors:
Malaysia | Longterm | Midterm | Shorterm |
KLCI | Down | Neutral | Neutral (-) |
Finance | Down | Neutral | Neutral (-) |
Construction | Down | Neutral | Neutral (-) |
Plantation | Down | Neutral | Neutral (-) |
Property | Down | Neutral | Up |
Mesdaq | Down | Down | Down (-) |
2nd Board | Down | Down | Down |
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