Technology sector breaks fibo 0.786 / 38 Resistance 1 week ago.
Last week Technology did a flag pattern pullback without fast turtle sell.
Last friday index close with Fast Turtle Buy signal.
Technology may resume bull rally and complete V shape recover sooner than other sectors.
Malaysia only bright side is that the technology sector may and will continue to benefits from current situations.
Capital flow is indicating that more and more capital will come into this sector versus other sector.
The best tactical play is to go long and invest in technology companies, especially those with good management and fundamentals.
Rotational play...
- With the main KLCI index hovering at support over the past few weeks, only Tech index remain strong and resillient
- There are strength in the Tech sector
Recommendations:
- Choose stocks with strength and trending upwards such as Frontkn, Inari, Penta
