Things are going bad
$FTSE Bursa Malaysia KLCI Index (.KLSE.MY)$ Hmmm, Worse of the worse came, might go for defensive stocks, such as Oil & Gas sectors due to increased oil price, Energy, Contruction, REIT's and even gold, I have neutral opinion on Retail stocks due to increased SST. I'll keep an eye on $HIBISCS (5199.MY)$ (broke its recent highs) $DIALOG (7277.MY)$ (Interested in this the most as it's forming a "Bowl" pattern which signals coming bullish trend) $PETGAS (6033.MY)$ $DELEUM (5132.MY)$ (looking for breakthrough) $TENAGA (5347.MY)$, $YTLPOWR (6742.MY)$( watching for any breakthrough) and $TM (4863.MY)$ or any banks as well. Highly Advice staying away from stocks that have world exposure and disadvantage from the increase of oil price. Such as, Tech, Automative and Transportation. As Iran-Isreal will continue to be in conflict with each other, High probability they gonna go for a full blown war in couple of days. In Addition, If a war really breaks out, oil price will continue to increase as the persian Gulf will be a hot zone, disturbing oil supply from countries such as Kuwait, UAE, Bahrain and Oman.Wish everyone good luck, and hopefully regain our loses in couple of days.
Friday Industry's performance :
As we can see transportation sector suffered the most due to increase in Oil price as well as restricted air space and supply in the middle east. Tech Suffered as well due to increase in oil price causing global chain issue. However, We see that Energy industry performed the most today with Plantation coming 2nd and REIT's came in 3rd. this 3 sectors shows increase buying trend as investors flock towards defensive move and went towards trending stock from shifted world event.
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