Bursa Tech sector is in its 1st wave of up trend

Bursa Malaysia Technology Index (MYX_DLY:TECHNOLOGY)

Updated

MYX_DLY:TECHNOLOGY Bursa Malaysia Technology Index

Trend Analysis Technical Indicators

trendanalysis indicator

snapshot

In the long term chart, Tech sector already start fresh from its down trend. We might see now we are in the 1st wave of big up

trend

snapshot

Neckline resistance is essential

Comment:

By looking at the chart, Aug month possible to expect retracement if July bullish trend unable to break the neckline resistance and successful stood above the strong resistance line

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