Finance Sector Rebound

Lets continue to analyst the finance sector because for any stock market rebound we need the finance sector as the support to follow the market to rebound..

Watch closely on how Finance and Trading Service Sector are trailing the KLSE index closely. With the rebound on KLSE, Finance and Trading Service Sector also follow and rebound..

Observation
1) Trend Line - Broke down the Uptrend but rebound back to the positive region ( Bullish)
2) HH - Formed a lower low at 13506 ( Bearish) but this sector rebounded up
3) MACD - Still in bearish condition but the blue signal is closing up the red signal for a bullish crossover
4) RSI - Broke above 30% on 17 Feb and going up ( Bullish)
5) ADX - Average Momentum but bearish

Condition
We need to observed more on the Finance sector because we will never know whether there will be any U Turn again to formed a lower higher before the 14090..

Entry Price - 13960 ( Risky)
                     14100 ( Safe)

Stop loss - 13810 (S1) and 13570(S2)
Take Profit - 14272 (R1) and 14382 (R2)



Let review the performance of the top banks

Ranking
1) AFFIN
2) PBBANK
3) HLBANK
4) RHBCAP
5) CIMB
6) MAYBANK
7) AMMB


Let observed AMMB, MAYBANK and CIMB the laggard counter


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