Saturday, November 21, 2009

Bursa Malaysia Weekly Summary

FBM KLCI Weekly Chart

KLCI: Looks like losing steam. Still unable to clear the resistance zone of 1280-1310.

The summary for the various sectors:
Malaysia Monthly Weekly Daily Note
FBM KLCI Up Up Up R=1.3k, S=1.2k.
Finance Up Up Up R=11k, S=9.5k.
Construction Up Up Up (+) R=250, S=220.
Plantation Up Up Up R=6.4k, S=5.8k.
Property Up Neutral Down (-) R=820, S=760. Correction

The weakest sector now is property. Looks like the government is successful in taking out the fuel for the property rally. I still think that the plantation is going to rally big. I'm still thinking on whether to sell out my property holdings and put it into plantation. I need more evidence for this move.

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