Monday, May 10, 2010

Bursa Malaysia Weekly Summary

KLCI Weekly Chart

KLCI uptrend is still holding. However, weekly RSI indicates that the bias is to the downside. Currently, I consider that the index is only in a normal correction mode. If the correction goes below 1260, then the normal correction will turn into a new baby bear.

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

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