Friday, September 18, 2009

Weekly Summary

KLCI Weekly Chart

Still heading up. No resistance until 1280. Daily and weekly is overbought. I just realized that it is almost at the end of 3rd quarter. No wonder the bluechips are pushed up one by one. Someone really want to massage his/her performance.

Nothing to say but just enjoy the ride up.

The sector summary is given below:

Malaysia Monthly Weekly Daily Note
FBM KLCI Up Up Up R=1.3k, S=1.15k. Overbought
Finance Up Up Up R=10k, S=9k
Construction Up Up Up R=250, S=220
Plantation Up Up Up Broke out of downtrend.
Property Up Up Up R=820, S=760
FBM ACE Up Neutral Down Down or consolidation.

Enjoy the long weekend and Selamat Hari Raya to all Muslim readers.

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