The chart says it all. 60 points of rally in 1 week. The next possible resistant area is around 1150-1160. Weekly chart in overbought area again.
Looking at the sectors, everything (except Mesdaq) is pointing up again:
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 (+) |
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