Friday, July 17, 2009

Weekly Analysis

KLCI Weekly Chart

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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