Still at around the same place for 7 weeks now. I'm expecting for the big sell, but it is not coming. Looks like the market is frustrating both the bull and the bear.
| Malaysia | Monthly | Weekly | Daily | Note |
| FBM KLCI | Up | Up | Up (+) | R=1.3k, S=1.2k. |
| Finance | Up | Up | Neutral | R=11k, S=9.5k. |
| Construction | Up | Neutral | Down | R=250, S=220. Serious correction |
| Plantation | Up | Up | Up | R=6.4k, S=5.8k. |
| Property | Up | Neutral | Down | R=820, S=760. Correction |
Looking at the various sectors, the strongest is the plantation. I think that if KLCI is going to go up, it will have to rely on the plantation counters for the push.

No comments:
Post a Comment