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Monday, August 02, 2010

Bursa Malaysia Weekly Summary

KLCI Daily Chart

KLCI has reached the overbought region based on the daily chart. Therefore, weakness is expected.

Everything still continues to go up. However, construction is showing some weaknesses. The breakout from the horizontal resistance line could be a false one if the sector index goes under 248. So, beware!

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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