Friday, May 21, 2010

Bursa Malaysia Weekly Summary

KLCI Daily Summary

Look at the gaps. Since it is oversold, most probably it will cover the gap at 1290-1300. Covering the gap at 1340-1345 will require some miracle at this moment. I think that there will be a rebound which you should try to reduce your position until a clearer picture emerges. After the rebound, the index should sell down to close the gap at 1235-1240. If you are still hoping for the bull to resume, then look for support at around 1200.

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

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