Sunday 8 November 2020

KLCI 12 Sectors Index Update Date: 08/11/2020

    Technology


Technology Index breaks above the uptrend channel and moving in a steeper uptrend channel. Tech counters very bullish for the past week. MACD bullish crossover, good sign.


Healthcare


Healthcare Index after retest the support level and formed 3 white soldiers expecting Healthcare to do well. Once Healthcare Index formed, higher high then it likely continue it upward movement and break new high.


Consumer


Consumer Index rebound steeply and breakout from downtrend line. MACD bullish crossover.


Plantation


Plantation Index breakout from the downtrend channel and formed higher high. As it up too steep, expecting retracement to happen and form higher low then only go higher.


Construction


Construction Index resistance level broken and formed higher high, expecting for retracement as well.


Industrial Product


Industrial Product Index moving within the uptrend channel, if it failed to breakout from the channel then it will retrace first before going higher. MACD bullish crossover above zero, a strong bullish signal.


Finance


Finance Index also move up together with other sectors but yet break the resistance level.


Energy


Energy Index stop at the downtrend channel upper line, need to continue monitor whether it going to form lower low or higher low.


Properties


Properties Index back into the sideway range again, if the index sustains above the support level then it might retest the sideway resistance level.


Transportation


Transportation Index volatility remained low, movement is small but slowly moving upward.


REITs


REITs Index rebounded from the downtrend channel lower line but the candle pattern not looking good.


Utilities


Utilities Index after retest the support level it rebounded again and remained in the sideway range.


 Telecommunication


Telecommunication Index get back into the sideway range, if it sustainable above the support level then it going to retest the sideway resistance level.


Welcome to join our Free Public Telegram Channel for Free Stock Watchlist & News Update:

https://t.me/MasketeerTafaInvest


MTF VIP Member Service are available, subscribe US NOW!

👉Live Market Trading Signal

👉VIP Member Stock Watch List

👉VIP Member Stock Clinic

Let us handle the analysis parts and you just focus on the entry and exit parts.

PM US at:

Telegram: https://t.me/MTFinvest5291

Facebook: https://www.facebook.com/MasketeerTafaInvest


Disclaimer:

All posts and documents submitted by the Admin in this blog are solely for open discussion and education purposes only. All recommendations and opinion provided by the Admin are solely for your consideration only and you should exercise your own judgement in forming your own investment decision(s). Please also be informed that all kind of investments have risks and we recommend you to conduct sufficient searches for information in addition to referring our recommendations and/or opinion herein, prior to making any investment decision.

You should take full responsibility of your investment decision(s) and we accept no liability whatsoever for any direct or consequential loss arising from any use of our recommendations and/or opinion provided herein or any solicitations of an offer to buy or sell any securities. Comments and opinions forwarded/shared/provided by members/followers/readers of this blog do not belong to Admin and we take no responsibility of such.


No comments:

Post a Comment