Had a good run on Technology Stocks
Malaysia's Technology Sector still bullish.
100% gain since 25 Mar and no sign of slowing down.
However, Technology Select Sector SPDR Fund (XKL) which consist of major US technology counters such as Apple, Microsoft, Intel, NVIDIA, Adobe
While still bullish and uptrend, but there's sign of BEARISH divergence where Index is making higher high but FiFT and MACD is making Lower High.
Recently -Ve FiFT (Bear Force) with Overbought (OB) signal is appearing much more frequent.
Technology stocks are still bullish but Buy on Breakout strategy might fail. May apply Hit and Run instead.
Malaysia's Technology Sector still bullish.
100% gain since 25 Mar and no sign of slowing down.
However, Technology Select Sector SPDR Fund (XKL) which consist of major US technology counters such as Apple, Microsoft, Intel, NVIDIA, Adobe
While still bullish and uptrend, but there's sign of BEARISH divergence where Index is making higher high but FiFT and MACD is making Lower High.
Recently -Ve FiFT (Bear Force) with Overbought (OB) signal is appearing much more frequent.
Technology stocks are still bullish but Buy on Breakout strategy might fail. May apply Hit and Run instead.
Note
take note that Malaysia's technology index never rally more than 110%..Note
JTIASA - Watch out for .61Note
Post at wrong sector.. JTIASA should be in PLANTATION.
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Contact me to learn Turtle Trading System, MCDX and other indicators (t.me/SgxFx)
tradingview.com/script/mbiUr95n-MCDX-Plus/
tradingview.com/script/mcAidXIT-FiFT-Pro/
tradingview.com/script/viAR3Ilo-Trend-Sign
tradingview.com/script/mbiUr95n-MCDX-Plus/
tradingview.com/script/mcAidXIT-FiFT-Pro/
tradingview.com/script/viAR3Ilo-Trend-Sign
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.