Friday, June 05, 2009

KLCI Weekly Review

KLCI Weekly Chart

I don't know what to say. This is really bullish. However, KLCI has reached the weekly overbought zone. Any corrections, look at support at around 1020. Finance, plantation and Mesdaq is not yet overbought based on the weekly chart. Property is the most overbought while the rest are already overbought. All sectors are now bullish!

Malaysia Longterm Midterm Shorterm
Finance Up Up Up (+)
Construction Up Up Up (+)
Plantation Up Up Up (+)
Property Up Up Up
Mesdaq Up Up Up
2nd Board Up Up Up

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