Weekly Summary

FBM KLCI Monthly Chart

Another up month. Monthly RSI and Stochastic indicates that the market can still go up as it is still not yet overbought.

FBM KLCI Weekly Chart

However, looking at the weekly chart, I see a possible break of uptrend line! For me, this means that it is not a time to buy. No solid sell signal yet. Correction still in progress. For the uptrend to continue, KLCI must consolidate between 1220 - 1250.

For the rest of the sectors, I see weakness but am not alarmed yet.

Malaysia	Monthly	Weekly	Daily	Note
FBM KLCI	Up	Up	Neutral (-)	R=1.3k, S=1.2k. Correction
Finance	Up	Up	Neutral (-)	R=11k, S=9.5k. Correction
Construction	Up	Up	Neutral (-)	R=250, S=220
Plantation	Up	Up	Neutral (-)	R=6.15k, S=5.8k
Property	Up	Up	Neutral (-)	R=820, S=760