Tuesday, February 02, 2010

Bursa Malaysia Weekly Summary

I'm very busy with house painting. That is why I don't have the time to blog for the past week. I should be finishing the painting job by the end of this week. So, don't expect much until after CNY.

KLCI Weekly Chart

Just a quick update for Bursa Malaysia. KLCI weekly chart shows a bearish divergence. The selldown in the past week could be indicating the end of this uptrend from 850. No strong sell signal though. Therefore, wait for good buy signal before going in. Sector wise, every sector is under correction.

Malaysia Monthly Weekly Daily
FBM KLCI Up Up Neutral (-)
Finance Up Up Neutral (-)
Construction Up Up Neutral
Plantation Up Neutral (-) Neutral
Property Up Up Neutral

That is the only update for this week.

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