Monday 7 December 2020

KLCI 12 Sectors Index Update Date: 07 Dec 2020

  Technology


Technology Index breakout from multiple top pattern and go  nicely. It might going to test the steeper uptrend channel upper line.


Healthcare


Healthcare Index drop to near support level with bearish candle on Friday.

If the support level broken, then the index will go lower to touch the channel lower line.


Consumer


Consumer Index breakout from the sideway resistance level but the breakout yet solid, need to monitor closely.

MACD and Stochastic already bullish crossover, not bad.


Plantation


Plantation Index formed multiple top pattern, need to monitor closely. If failed to breakout, is not looking good.


Construction


Construction Index move up strongly as per our last week expectation. The uptrend still intact.


Industrial Product


Industrial Product Index breaks above the middle trendline, go into very bullish zone. Likely to continue go higher.


Finance


Finance Index seems double top breakout but no solid need to monitor closely.

In care, the index breaks the mid uptrend line then need to watch out.


Energy


Energy Index breakout from the channel with steeper movement and also breaks May 2020 resistance level. Stll looking good.


Property


Property Index breakout from the uptrend channel and breaks above the June 2020 resistance level. The index if move too steep with fall down.


Transportation


Transportation Index breaks multiple resistance level, bullish. 

Currently, the index stop at Feb 2020 resistance level.


REITs


REITs Index after formed harami pattern then shoot up. 

The index likely to break previous high.


Utilities


Utilities Index still within the sideway area.


Telecommunication


Telecommunication Index move up steeply after breakout from previous high.

On Thursday, the index breakout from the uptrend channel, bullish.


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