Friday, June 26, 2009

Weekly Summary

KLCI Daily Chart

What a week. Almost 80 points of down and up movement for the week. Daily chart has gone back to moving up but I'm still hoping that it can built a base around 1050 so that it can propel higher. If it continues up without a base building, then it will not go far.

The summary for various sectors is generally bullish:
Malaysia Longterm Midterm Shorterm
KLCI Up Up Up (+)
Finance Up Up Up (+)
Construction Up Up Neutral
Plantation Up Up Up (+)
Property Up Up Neutral
FBM Mesdaq Up Up Neutral
FBM 2nd Board Up Up Neutral

I did not enter any trade. Still holding my previous positions.

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