Saturday, July 11, 2009

Weekly Review

KLCI Weekly Chart

Basically, nothing happens. It looks like someone or some organization is supporting the KLCI by pushing up certain bluechip stocks. Weekly MACD is weakening. The volume is reducing too. So, I don't think it is a good time to enter new position. However, if the uptrend line do provide support, then can consider buying. Anyhow, I think that next week should be a down week.

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

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