2021-09-15 17:25:16
FBMKLCI has retraced to 1550 point area as we predicted in our previous post
https://www.facebook.com/BursaPilot/posts/105521051869091
Now that it has hit key support area, we believe the only way left is #up.
We can especially see this in today's market as quite a number of counters from different sectors begin to rebound or show signs of support.
Taking a look at the sector charts, we can see that #Technology, #Transportation, #IndustrialProduct and #Property sector have all showed signs of higher low.
So this is a clear indication that the counters in the specific sectors are doing the same. Even in other sectors like #Construction, we can see stocks like WCT performing very well today.
In summary, we should start to screen the market more and begin positioning ourselves in the market, as a rebound will be coming soon
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