YM Daily Chart Review + QR Breakdown

27 Jul 2022 Market Opening Review

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Publish date: Wed, 27 Jul 2022, 10:14 AM
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Market opened slightly higher today, with not much of trading opportunities seen. The formation of chart is still in rebound formation, where market is looking forward for the trend reversal momentum to kicks in, only that we can have a more favourable market to trade.

Most of the sectors are still within downtrend or rebounding formation, which takes time to recover.

Except for sectors like FINANCE, REITS which are quite bullish, and CONSUMER and CONSTURCTION are slightly better with stronger rebound momentum, compared to the others.

One thing to take note, CRUDE OIL is already went into downtrend (death cross), where highly possibly it will goes below $100 and goes lower. Not positive for Klci as we're exporter, but it's crucial to bring the worldwide inflation down.


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