Composite Index (KLCI) = Bullish ( Hit All Time High at 1826.22 )
1. Construction Index = Bullish
2. Consumer Index = Bullish ( Broke All Time High )
3. Finance Index = Bullish ( Broke All Time High )
4. Industrial Index = Bullish ( Broke All Time High )
5. Industrial Products Index = Bullish ( Broke All Time High )
6. Plantation Index = Bullish
7. Property Index = Bullish ( In All Time High )
8. Technology Index = Bullish
9. Trading And Services Index = Bullish ( In All Time High )
Technically speaking, Malaysian stock markets are still Bullish based on GPMMA. It will be more on sideways from now on till the global markets show us the way. One thing worth to mention this week, would be the continuing weakening property sector. See chart for details. If Property Index does not improve in coming week, it will turn Bearish. Just be careful.
Sectors Turned Bullish In Sequence : (update weekly)
1st : Property Index
2nd : Industrial Index
3rd : Consumer Index
4th : Finance Index
5th : Trading & Services Index
6th : Composite Index
7th : Construction Index
8th : Industrial Products Index
9th : Plantation Index (11 April 2013)
Sectors Made All Time High In Sequence : (update weekly)
1.st : Trading & Services Index
2nd : Property Index
3rd : Consumer Index
4th : Finance Index
5th : Industrial Index
6th : Industrial Products Index
( Note : 3rd , 4th , 5th & 6th broke new high together )
Note : I am using GPMMA (Guppy Multiple Moving Averages) for the above analysis. For more information, please check out : http://gpmma.blogspot.com/2012/11/gpmma.html
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