In according to my Technical Analysis based on today's closing, i am in the opinion that all sectors are BULLISH EXCEPT FOR TECHNOLOGY AND PROPERTY. Most of them are on the top end of their price channel. Therefore, be cautious on the price weakness, protect your profit. While i've taken all available profits today, i am leaving my property stock long.
Based on the price action, i think property sector has just started its uptrend. It might weaken when KLCI take a breather, but i suppose it will hold. Volume has just started to turn around.
TECHNOLOGY? If you are holding any of them, please unload. It is trending south. Deep south.
Happy Investing!
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