Friday, January 15, 2010

Bursa Malaysia Weekly Summary

KLCI Daily Chart

Uptrend for KLCI is still intact. Slightly overbought. Should be able to pass through 1300 without much difficulty with the help of plantation and finance sector.

All the sectors are in bullish mode:
Malaysia Monthly Weekly Daily
Finance Up Up Up
Construction Up Up Up
Plantation Up Up Up
Property Up Up Up

I'm not enjoying the current rally because the actions are all in the penny shares. Since I play mostly warrants, and bluechips are not moving strongly, I just have to wait for my turn. Hopefully it comes eventually. Feeling a little bit lousy because my stock pickings are not working. God of Prosperity! Where is my ang pow?

No comments: