Weekly Summary

KLCI Weekly Chart

Still going up, but with lower volume. Not good sign. However, the volume has been increasing for the past few days. Anyhow, I still think that this is not a strong movement to the upside. Currently, the next resistance is at around 1280-1300. So, there is still a possibility of moving higher.

Looking at the sectors, they all look weak and will correct or still in correction.

Malaysia	Monthly	Weekly	Daily	Note
FBM KLCI	Up	Up	Up	Weak up.
Finance	Up	Up	Up (+)	Weak up.
Construction	Up	Up	Up	Weak up.
Plantation	Up	Up	Neutral	Finding a base.
Property	Up	Up	Neutral (-)	Finding a base.
FBM ACE	Up	Neutral (-)	Neutral	Potential H&S.