Saturday, September 26, 2009

Weekly Summary

KLCI Weekly Chart

A short 3-day week. Bluechips have stopped moving. The attention now is on the small caps. Looks like weakness is coming into KLCI. Most probably it will correct. Summary for the various sectors:
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 Neutral (+) Consolidation.

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