KLCI Daily Chart
The above chart shows that the KLCI is still inside the trading range of 830-930. It has been slightly more than 6 months that KLCI is moving within this range. The daily chart indicates that overbought condition has not been reached yet. Notice that there were two gap ups. Someone in panic buying mode? This gap should be close eventually.
I still consider this as just a bear market rally. I don't know where and when it will end. The initial evidence indicates that this bear market rally will be led by the plantation sector.
The summary for the various sectors in KLSE:
The summary for the various sectors in KLSE:
| Malaysia | Longterm | Midterm | Shorterm |
| KLCI | Down | Neutral (+) | Up (+) |
| Finance | Down | Neutral (+) | Neutral |
| Construction | Down | Neutral | Up |
| Plantation | Down | Up (+) | Up |
| Property | Down | Neutral (+) | Neutral |
| Mesdaq | Down | Down | Neutral |
| 2nd Board | Down | Down | Neutral |
No comments:
Post a Comment