KLCI: Looks like losing steam. Still unable to clear the resistance zone of 1280-1310.
The summary for the various sectors:
Malaysia | Monthly | Weekly | Daily | Note |
FBM KLCI | Up | Up | Up | R=1.3k, S=1.2k. |
Finance | Up | Up | Up | R=11k, S=9.5k. |
Construction | Up | Up | Up (+) | R=250, S=220. |
Plantation | Up | Up | Up | R=6.4k, S=5.8k. |
Property | Up | Neutral | Down (-) | R=820, S=760. Correction |
The weakest sector now is property. Looks like the government is successful in taking out the fuel for the property rally. I still think that the plantation is going to rally big. I'm still thinking on whether to sell out my property holdings and put it into plantation. I need more evidence for this move.
No comments:
Post a Comment