Monday, August 16, 2010

Bursa Malaysia Weekly Summary

KLCI Daily Chart

Looks like KLCI has corrected from the overbought condition. It is now on a rebound, but this should not get too far. It needs to correct down to below 1340 before it can make the next big move (up or down).

Sector wise, the strongest is the plantation:
Malaysia Monthly Weekly Daily
FBM KLCI Up Up Neutral (-)
Finance Up Up Neutral (-)
Construction Up Up Neutral
Plantation Up Up Up
Property Up Up Neutral (-)

1 comment:

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