Sunday, 23 February 2014

5 Sectors Made U Turned To Bullish - Can it continue?

Composite Index (KLCI) = Bullish ( Turned Bullish This Week on 19 Feb 2014 ) 

1. Construction Index = Bearish 
2. Consumer Index = Bearish 
3. Finance Index = Bearish
4. Industrial Index = Bullish ( Turned Bullish This Week on 20 Feb 2014 ) 
5. Industrial Products Index = Bullish ( Turned Bullish This Week on 14 Feb 2014 ) 
6. Plantation Index = Bearish 
7. Property Index = Bullish ( Turned Bullish This Week on 21 Feb 2014 ) 
8. Technology Index = Bullsih
9. Trading And Services Index = Bullish ( Turned Bullish This Week on 14 Feb 2014 )

Malaysia Stock markets made a U turned for some sectors including KLCI. KLCI, Industrial Index, Industiral Products Index, Property Index and Trading & Services Index turned Bullish this week again.
It is obvious the market is heading into sideways since the plunging stops. I personally would not think that the market could continue the upsides for long.

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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