Sector: Finance (Index)

Analysed on 29/08/21

Last week was a good week for Finance sector, major players had delivered good result despite pandemic. Load segments grow positively even though market is down. As for charts, there is a strong breakout from its downtrend line and subsequently formed a Golden cross (EMA 25 cross above EMA 50). Immediate resistance at  15800 and support  15000.

Reason to take note: Finance sector could be defensive play during pandemic.

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