Sector to Watch - Technology

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.

Kommentera:

take note that Malaysia's technology index never rally more than 110%..

Kommentera:

JTIASA - Watch out for .61

Kommentera:

Post at wrong sector.. JTIASA should be in PLANTATION.