KLCI has surpassed the 61% retracement level. Daily and weekly chart indicates overbought (again!). I think that resistance is around 1290 to 1300.
ACE Market is now also up. That means from bluechips to penny shares are all out. Volume are higher but not at the euphoria level. Property index has broken out of a rising wedge. Since the property index daily chart is overbought, I'm expecting a pullback before more upside.
The sector summary:
|FBM KLCI||Up||Up||Up||R=1.3k, S=1.15k. Overbought|
|Finance||Up||Up||Up||R=11k, S=9.5k. Overbought|
|FBM ACE||Up||Up (+)||Up (+)||Breakout fr triangle pattern.|