KLCI Monthly ChartLooking at the monthly chart, I can say that KLCI is not yet overbought. We can see that the sell-off and the subsequent rally looks like a V-shape. Based on weekly chart, the index looks tired. I cannot say whether there will be a sell-off at the moment. Why is there no severe correction when other markets are experiencing now?
The sector summary is given below:
| Malaysia | Monthly | Weekly | Daily | Note |
| FBM KLCI | Up | Up | Neutral (-) | R=1.3k, S=1.15k. Overbought |
| Finance | Up | Up | Neutral (-) | R=10k, S=9k |
| Construction | Up | Up | Neutral (-) | R=250, S=220 |
| Plantation | Up | Up | Neutral (-) | Broke out of downtrend. |
| Property | Up | Up | Neutral (-) | R=820, S=760 |
| FBM ACE | Up | Neutral | Neutral | Consolidation. |
My portfolio is currently consist of the following: Petroch-CA, HSBC-C5, Cnooc-C5, HKEX-CB, IJM-WB, Axiata-CB, Genting-CO, E&O-WA, IJMLand-WA, IOICorp-CJ, Tgoffs-WA and Gld-C1.
No comments:
Post a Comment