YM Daily Chart Review + QR Breakdown

17 JAN 2022 Market Opening Review

TA_BULLPLAY
Publish date: Mon, 17 Jan 2022, 11:29 AM
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Market opened lower today with relatively low and soft volatility in terms of pricing and volume, due to closed US market tonight, and Bursa market is off tomorrow due to Thaipusam holiday.

Most of the sectors are facing certain level of retracement, after short bull in the past 2 weeks, which is result of the rebounding from the bottom.

The only sector that able to remain the bullish formation is ENERGY (O&G) , thanks to price of crude oil which remains bullish and technically is on pending breakout attempt.

 

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