Saturday, January 08, 2011

KLCI Weekly Review.

KLCI Weekly Chart

Finally broken 1520 region. The index is slightly overbought now. So, expecting a pullback. Extra high volume is a danger sign that the crowd is finally here. As we know, the crowd will always buy at the top. However, the uptrend can stay up than what we expect it to be. The important thing is not to buy top-20 volume counters, buy counters with good setup but with low volume.

Sector summary:
Malaysia Monthly Weekly Daily
Finance Up Up Up
Construction Up Up Up (+)
Plantation Up Up Up
Property Up Up Up

1 comment:

Anonymous said...

Right now is probably going to be some short term correction.