Friday, December 10, 2010

Bursa Malaysia Weekly Summary

KLCI Weekly Chart

Looks like the 1520 is a tough nut to crack. After 3 times, still no success. I'm seeing conflicting signal from the weekly chart. MACD & Stochastic points downwards, EMA points upwards while RSI also indicates upwards. Maybe this indicates a top. I see excessive exuberant in a few counters based on the premium on the warrants. Examples are SPSetia and Pchem. Anyway, no downtrend signal yet.

Sector summary:
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 (+)

No comments: