Friday

Which sector can be focus in short term?

From my analysis: Finance & Consumer Sectors is bullish and very suitable for short term trader

My Charting analysis (short-term trading)

Finance Sector

Indicator Bollinger bands: form upper curve & reverse to uptend sign

Indicator adx: showed strong uptrend

Indicator STO slow:
Still below 80 showed oversold timing & broke above 20 reference line

Indicator volume: less people to sell & ready to change direction

Suggestion counter to buy:

BURSA (Counter code: 1818)

resistance level: RM8.24

support level: RM8.00

CIMB (Counter code: 1023)

resistance level: RM8.14

support level: RM7.83

Consumer Sector

Indicator Bollinger bands: form upper curve & reverse to uptend sign

Indicator adx: showed strong uptrend

Indicator STO slow:
Still below 80 showed oversold timing

Indicator volume: less people to sell & ready to change direction

Candle pattern: rising window

QL (Counter code: 7084)

resistance level: RM3.075

support level: RM2.96

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