Friday, August 20, 2010

Bursa Malaysia Weekly Summary

KLCI Weekly Chart

KLCI: Daily overbought. Weekly almost overbought. Amazing that the index keeps going up. Next week, we should see some correction. 1400 is a strong resistance point. Don't think that it can be broken with one attempt.

Finance Sector Weekly Chart

Finance: This is the leading sector that powers KLCI up higher. Daily, weekly and monthly overbought.

Plantation Sector Weekly Chart

Plantation: Still struggling to break the overhead resistance. A laggard sector.

Property Sector Weekly Chart

Property: Most probably the break above the 1 year resistance at 840 is successful. Is the property play shifting to Malaysia? Malaysia is a laggard in property play as compared to China, Hong Kong and Singapore. Is the money flowing in now?

Construction Sector Weekly Chart

Construction: Struggling to break the overhead resistance.

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 (+)

So, what are you playing. I guess that if one miss the leading sector (finance), then I should go after the laggard (property, construction, plantation). Which sector shall it be? Any suggestions?

No comments: