Sunday 1 November 2020

KLCI 12 Sectors Index Update Date: 01/11/2020

   Technology


Technology Index broke below the mid-line of the uptrend channel and it might retest the lower line of the uptrend channel.


Healthcare


Healthcare Index already formed Low Higher if next week it breaks below recent new Low then better stand aside and wait for solid bullish reversal signal.


Consumer


Consumer Index support level was broken, and the down angle is steeper than previous downside movement, not looking good.


Plantation


Plantation Index formed new recent Low again, both MACD and Stochastic also bearish crossover.


Construction


Construction Index formed new low again and testing the low line of the downtrend channel.


Industrial Product


Industrial Product Index back into the sideway range area, it might retest the sideway support level if failed to break above the resistance for the next 3 to 5 days.


Finance


Finance Index also formed recent new Low, the downtrend movement begins since June 2020 until now, it might retest the lower line of the downtrend channel.


Energy


Energy Index continued go lower and lower, bearish.


Properties


Properties Index failed to go back into the sideway area, bear continue push the index lower.


Transportation


Transportation Index stays sideway.


REITs


REITs Index continue go lower, and MACD failed to bullish crossover.


Utilities


Utilities Index breaks the uptrend line and retrace the support level. MACD bearish crossover.

 Telecommunication


Telecommunication Index failed to get back into the sideway area and continue move South.


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