KLCI 12 Sectors Index Update Date: 25/10/2020

  Technology

Technology Index touched uptrend channel line and formed a shooting star pattern, need to watch out for retracement.

Healthcare

Healthcare index formed doji sandwich pattern not a good signal. From indicators view, MACD and signal line are touching each other if bearish crossover not happening then we can expecting for a sharp reversal move here.

Energy

Energy index after breaks support continue to move south, bearish.

Finance

Finance index still within the downtrend channel and supported at 12300 level. It also formed bullish harami pattern can expecting for rebound.

Properties

Properties index recent bearish candle just breached the latest rebound movement most bullish candle, bearish.

Construction

Construction index support level was broken again, bearish.

Plantation

Plantation index remained inside the downtrend channel and just formed a bearish engulfing pattern. Watch out.

Consumer

Consumer index testing the new support level. Stochastic already bullish crossover but MACD still in negative momentum.

Utilities

Utilities index doing well for the past week, stochastic bearish crossover while MACD histogram started to moving lower expecting for retracement. If retracement didn't breaks the uptrend line then can look for opportunity.

 Telecommunication

Telecommunication index support level broken with very bearish candle, please watch out plus stochastic bearish crossover.

Industrial Product

Industrial Product index is testing the new support level and formed a small body candle. The retracement might end here and starts to move higher for next week. 

REITs

REITs index formed bearish engulfing pattern after a small rebound, bearish.

Transportation

Transportation index moving sideway.

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