KLCI has reached the overbought region based on the daily chart. Therefore, weakness is expected.
Everything still continues to go up. However, construction is showing some weaknesses. The breakout from the horizontal resistance line could be a false one if the sector index goes under 248. So, beware!
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 |
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