7 SEP 2021 Market Summary #KLCI ever since a new PM was ap | Bursa Pilot Group

7 SEP 2021 Market Summary

#KLCI ever since a new PM was appointed, had seen superb recovery and rebound. It had successfully climbed above a previous support area and is currently forming a higher low. So our market definitely looks rather #bullish.

Hence, many sectors have also rebounded strongly. In #Property, a nice higher low can be seen and it is still pushing upwards strongly. Though it is approaching 748 resistance zone, so some profit taking may happen soon.

Strong performers in Property sector include #LAGENDA, #SPSETIA, #ECOWLD.

Similarly in #Construction sector, higher low formed and it is followed by a strong rebound wave. Key resistance is standing at 177 area.

Strong performers among Construction sector will include #WCT, #GAMUDA, #AZRB.

#Technology sector had long been in an uptrend, though it had been in a retracement for some time, it is overall still within healthy price areas. There had been some momentum lately, so it may be looking to resume its uptrend.

Strong performers among Technology would include #GREATEC, #D&O, #MPI.

#Industrialproduct sector had also been seeing very bullish movements, but it had arrived at a resistance area. So, some profit taking may be taking place for the next few days. All #metal related counters generally fall within this category.

Lastly, #Consumerproduct sector had also seen bullish recovery waves, but it is approaching resistance area, so it may be met with some selling pressure. Counters include #GENM, #MSM, #AEON.

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