Weekly chart show overbought (RSI). However, no bearish divergence yet but there is one in the daily chart. From the chart, you can see that there is no horizontal resistance until 1300. But I don't think it can move up without any correction (due to the overbought market).
Currently I'm just hanging on to my profitable position. If there is no big crash, I think that the lower liners will continue to play catch-up for the coming week.
Malaysia | Monthly | Weekly | Daily | Note |
FBM KLCI | Up | Up | Up | Overbought. Daily bearish divergence |
Finance | Up | Up | Up | Overbought. |
Construction | Up | Up | Up | Overbought. |
Plantation | Up | Up | Up | Overbought. Breakout from downtrend |
Property | Up | Up | Up | Slightly overbought. |
FBM ACE | Up | Up | Up | Will challenge the previous high |
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