KLCI Daily SummaryLook 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 |
No comments:
Post a Comment