Carotec Weekly Chart
All possible downtrend lines that can be drawn have been broken. A buy signal was given and may continue moving up.
Disclosure: I'm long in Carotec.
Malaysia | Longterm | Midterm | Shorterm | Note |
KLCI | Up | Up | Up | Overbought. |
Finance | Up | Up | Up | Overbought. |
Construction | Up | Up | Up | Should have more room up. |
Plantation | Up | Up | Up | Should make big move soon. |
Property | Up | Up | Up | Waiting for big move |
FBM Mesdaq | Up | Up | Up | Will challenge the previous high |
FBM 2nd Board | Up | Up | Up | Overbought. |
World | Longterm | Midterm | Shorterm | Note |
S&P500 | Neutral | Up | Up | Slightly overbought |
DJI | Neutral (+) | Up | Up | Stabilizing? |
NasdaqComp | Up | Up | Up | Around R=1.95k-2k |
Nikkei 225 | Up | Up (+) | Up (+) | Breaking out, next R=11k |
Kospi | Up | Up | Up | Breakout, next R=1.6k |
SSECI | Up | Up | Up | Wow! Next R=3.8k. Can? |
HSI | Up | Up | Up | Next R=21k |
TWII | Up | Up | Up | Toppish |
STI | Up | Up | Up | Next R=2.65k, slight overbought |
JKSE | Up | Up | Up | Next R=2.35k |
SENSEX | Up | Up | Up (+) | Breaking out, next R=17.5k |
AORD | Neutral | Up | Up | To challenge downtrend @ 4.2k |
NZX50 | Neutral (+) | Up | Up | R=3.05k |
FTSE | Neutral (+) | Up | Up (+) | Slightly overbought |
DAX | Neutral | Up | Up (+) | May go to 5.5k |
Bovespa | Up | Up | Up | More upside |
Malaysia | Longterm | Midterm | Shorterm | Note |
KLCI | Up | Up | Up | Overbought. |
Finance | Up | Up | Up | Overbought. |
Construction | Up | Up | Up | Should have more room up. |
Plantation | Up | Up | Up | Should make big move soon. |
Property | Up | Up | Up | Waiting for big move |
FBM Mesdaq | Up | Up (+) | Up (+) | Will challenge the previous high |
FBM 2nd Board | Up | Up | Up | Going into overbought zone |
World | Longterm | Midterm | Shorterm | Note |
S&P500 | Neutral (+) | Up (+) | Up (+) | Stabilizing? |
DJI | Down | Up (+) | Up (+) | Stabilizing? |
NasdaqComp | Up | Up (+) | Up (+) | Going to 1.95k-2k |
Nikkei 225 | Up | Neutral | Down (-) | Correction over, base building |
Kospi | Up | Up | Up | Possible break, more upside |
SSECI | Up | Up | Up | Toppish, but still going up |
HSI | Up | Up | Up (+) | If close >19k, then next R=21k |
TWII | Up | Up | Up | Toppish |
STI | Up | Up | Up (+) | Next R=2.65k |
SENSEX | Up | Up | Neutral | Possible break, more upside |
AORD | Neutral (+) | Up (+) | Up (+) | S=3.7k, R=4k |
NZX50 | Down | Up (+) | Up (+) | Possible break, more upside |
FTSE | Down | Up (+) | Neutral (+) | Going up but not strong |
DAX | Neutral (+) | Up (+) | Neutral (+) | Going up but not strong |
Bovespa | Up | Up (+) | Up (+) | To challenge 55k |
Malaysia | Longterm | Midterm | Shorterm |
KLCI | Up | Up | Up (+) |
Finance | Up | Up | Up |
Construction | Up | Up | Up (+) |
Plantation | Up | Up | Up (+) |
Property | Up | Up (+) | Up (+) |
FBM Mesdaq | Up | Neutral | Neutral (+) |
FBM 2nd Board | Up | Up | Up (+) |
World | Longterm | Midterm | Shorterm | Note |
S&P500 | Down | Neutral | Down (-) | Still finding a floor |
DJI | Down | Neutral | Down (-) | Still finding a floor |
NasdaqComp | Up | Neutral (-) | Neutral | Correction |
Nikkei 225 | Up | Neutral (-) | Neutral (-) | Correction |
Kospi | Up | Up | Up | Toppish & should correct |
SSECI | Up | Up | Up | Toppish |
HSI | Up | Up | Neutral | Correction |
TWII | Up | Up | Up | Toppish |
STI | Up | Up | Neutral (-) | Correction |
SENSEX | Up | Up | Neutral (-) | Strong correction |
AORD | Down | Neutral (-) | Down (-) | Still finding a floor |
NZX50 | Down | Neutral | Down (-) | Still finding a floor |
FTSE | Down | Neutral | Down | Still finding a floor |
DAX | Down | Down (-) | Down | Still finding a floor |
Bovespa | Up | Neutral (-) | Neutral | Correction |
Malaysia | Longterm | Midterm | Shorterm |
KLCI | Up | Up | Neutral (-) |
Finance | Up | Up | Up |
Construction | Up | Up | Neutral |
Plantation | Up | Up | Neutral (-) |
Property | Up | Neutral (-) | Neutral |
FBM Mesdaq | Up | Neutral (-) | Down (-) |
FBM 2nd Board | Up | Up | Neutral |
Longterm | Midterm | Shorterm | Note | |
CNOOC | Up | Neutral | Down | Should consolidate |
A50CHTK | Up | Up | Up | Overbought |
TRAHK | Up | Up | Neutral | Uptrend weakening |
USO | Down | Neutral | Neutral | Still finding a bottom |
GLD | Up | Neutral | Down | Probably consolidating |
PBBANK | Up | Up | Up | A little bit overbought |
World | Longterm | Midterm | Shorterm |
S&P500 | Down | Neutral (-) | Neutral |
DJI | Down | Neutral (-) | Neutral |
NasdaqComp | Up (+) | Up | Neutral (-) |
Nikkei 225 | Up (+) | Up | Up |
Kospi | Up | Up | Up (+) |
SSECI | Up | Up | Up |
HSI | Up | Up | Neutral (-) |
TWII | Up | Up | Up (+) |
STI | Up | Up | Up (+) |
SENSEX | Up | Up | Up (+) |
AORD | Down | Up | Neutral |
NZX50 | Down | Neutral (-) | Neutral |
FTSE | Down | Neutral | Down (-) |
DAX | Down | Neutral | Down (-) |
Bovespa | Up | Up | Neutral |
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 |
Low | High | % | |
KLCI | 801 | 1096 | 36.83 |
SSECI | 1665 | 3088 | 85.47 |
HSI | 12618 | 19162 | 51.86 |
N225 | 6994 | 10171 | 45.42 |
Sensex | 7697 | 15600 | 102.68 |
Bovespa | 29435 | 54955 | 86.70 |
FTSE | 3461 | 4521 | 30.63 |
S&P500 | 667 | 956 | 43.33 |
NasdaqComp | 1266 | 1880 | 48.50 |