Technical spots

FBMKLCI - EWM o0o divergence.

ScrewDriver
Publish date: Tue, 21 Nov 2017, 09:38 AM

For your information, EWM is an ETF that supposed to track FBMKLCI, or just simply call it FBMKLCI ETF in US.

Since 25 Oct 2017, an o0o divergence was observed between EWM and rubbish FBMKLCI, the EWM price has been going up steadily with increasing volume, while cibai FBMKLCI suffers pukima selldown on heavy volume.

US investor who invest or trades Malaysia ETF has been increasingly bullish, while on the local front, local funds and foregin funds were dick and cipet itchy selling down the rubbish FBMKLCI. 
Reversal soon or just o0o?
Isn't it amusing to the dickhead and cipet-head short-seller who fucks FBMKLCI without contraceptive? Go figure!

Discussions
1 person likes this. Showing 4 of 4 comments

juon

nothing much to expect from FKLCI, the breakdown are dominated by following sectors:-

Financial
1)CIMB
2)Maybank
3)Public Bank
4)HLB
5)HLFG
6)RHB
7)AMMB

Plantation
1) KLK
2) IOICorp
3) HapSeng
4) Sime
5) PPB

Petronas Related
1) Petdag
2) Petgas
3) Petchem
4) MISC
5) KLCC

Genting Related
1) Genting
2) Genting Malaysia

Telco
1) Maxis
2) Digi
3) Axiata
4) Telekom

got any light in the tunnel any of this categories ? only when oil price & CPO price going up, FKLCI got some hope.....

2017-11-21 11:39

juon

only Pmetal which is going to replace BAT got visible light

2017-11-21 11:42

juon

if Hartalega, Topglove & Inari joined the FKLCI, we are going have different playing field

but not now, in the moons to come

2017-11-21 12:09

Stockgod8

May be caused by Ringgit is getting stronger

2017-11-21 14:06

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