Friday, October 02, 2009

Weekly Summary

KLCI Monthly Chart

Looking 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.

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