Uptrend for KLCI is still intact. Slightly overbought. Should be able to pass through 1300 without much difficulty with the help of plantation and finance sector.
All the sectors are in bullish mode:
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 |
I'm not enjoying the current rally because the actions are all in the penny shares. Since I play mostly warrants, and bluechips are not moving strongly, I just have to wait for my turn. Hopefully it comes eventually. Feeling a little bit lousy because my stock pickings are not working. God of Prosperity! Where is my ang pow?
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