Saturday, August 28, 2010

Bursa Malaysia Weekly Summary

KLCI Weekly Chart

Where is the correction for KLCI? Daily and weekly chart is at overbought territory. Monthly is almost overbought. It seems that the new KLCI index behaves differently from the old one. With only 30 component stock, it is much easier to manipulate the index. When the rules of the game changed, as a trader, we need to change our strategy too. Nothing to complain.

Looks like the weakest sector is construction and property. The strongest is still finance followed by plantation. Can we have a index to track the O&G sector, Mr Yusli?

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

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