Sunday, March 28, 2010

Bursa Malaysia Weekly Summary

KLCI Weekly Chart

Amazing! Still going up. I guess this is the 1st quarter window dressing. Based on my interpretation, this will not become a strong upward thrust. However, I would like to point out the interesting pattern that is forming for the property sector. Looks like it is at the upper range of a symmetrical triangle pattern. So pay attention to the property counters.

Property Index Weekly Chart

The summary for this week:
Malaysia Monthly Weekly Daily
FBM KLCI Up Up Up (+)
Finance Up Up Up (+)
Construction Up Up Up (+)
Plantation Up Up Up (+)
Property Up Up Up (+)

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