Finance Sector

 First time touching on Finance Sector and this sector has went down pretty badly after Foreign Fund went out for KLSE.

Observation
1) Trend - Broke the Uptrend Line ( Bearish)
2) HH - Formed lower high at 14090 and retracing (Bearish)
3) MACD - Bearish and awaiting for 4R1G for bullish reversal by 17 Feb
4) RSI - At 14% oversold and waiting for 30% break out for bullish reversal
5) ADX - Weak Momentum and Bearish

Conclusion
1) Downtrend Due to the ejection of Foreign Fund
2) With Dow Green, this will provide positive sentiment for KLSE market to rise again and let hope Finance Sector will get a bullish reversal with a strong Harami

Entry Price - 13700 points ( Strong white candle or Harami)
Stop Loss   - 13400
Take Profit - 14061 (R1) , 14382 (R2) and 14539(R3)


Let look at the performance with the Bank Giants..

Ranking
1) AFFIN (Leader) / (Drop 7.7%)
2) RHBCAP (Drastic Drop 10.9%)  <----------Monitor
3) PBBANK (Drop 3.6%)
4) AMMB     (Drop 16.4%)  <---------- Monitor
5) HLBANK (Drop 6.6%)
6) MAYBANK (Laggard) / ( Drop 8.8%)
7) CIMB (Laggard) (Drastic drop at 13.5%)   <------ Monitor



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