KLCI 12 Sectors Index Update Date: 15/11/2020

     Technology

Technology Index supported by previous uptrend channel trendline. Upward movement still intact.
Watch out for the resistance from the steeper uptrend channel.

Healthcare

Healthcare Index moving sideway for the past 4 trading days and formed the candles with small body and longer lower shadow. Buying pressure is there. Healthcare might going to boom anytime.

Consumer

Consumer Index doing very very well for the past one week. Currently, it stop at resistance level. It need to break 2 resistance level to go higher.

Plantation

Plantation Index breakout from the resistance level and formed higher high. Stochastic moving flat watch out for retracement.

Construction

Construction Index failed to break above the resistance level for the past 3 days. The upward movement was halt, need to watch out.

Industrial Product

Industrial Product Index very bullish and breakout from the uptrend channel. Currently, it retest 2019 year end resistance level. If the resistance level broken, then the index is going higher.

Finance

Finance Index breakout from the downtrend channel and going to test the May 2020 high.

Energy

Energy Index breakout from the downtrend channel but failed to go back into previous sideway range. We can see a bearish doji sandwich was formed. Need to monitor closely.

Properties

Properties Index moving up steeply since early of Nov 2020. The uptrend line seems to be a great support for the index upward movement.

Transportation

Transportation Index breakout from the uptrend channel and going to retest June 2020 high. Need watch out as double hanging man was formed.

REITs

REITs Index finally breakout from the downtrend channel. If the next 3 to 5 trading days it don't go back into the channel then this is a solid breakout.

Utilities

Utilities Index at the moment still failed to sustain above the May 2020 resistance level and formed bearish engulfing pattern. Need to monitor closely.

 Telecommunication

Telecommunication Index going to test the sideway resistance level. If the resistance level broken then looking forward to move higher.

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