Haven't Investors Notice About FBMKLSI Energy Index?
If we look to the chart above, we can see that Energy Sector in Malaysia is still undervalue or maybe I am wrong.
Eventhough Oil price is continue rising, but we can see that the Energy Index is at what can be consider a low territor. If we see, while the index making Lower High (arrow 1,2,3) but the oil price (Brent crude) during that particular day keep getting higher. That is an inverse to the index point.
Why is this? It's either investors are overlooked this sector or Malaysian Energy sector is not attractive enough.
This should be a chance for small retailers to start join this bandwagon because sooner or later it will fairly be price eventually.
Eventhough Oil price is continue rising, but we can see that the Energy Index is at what can be consider a low territor. If we see, while the index making Lower High (arrow 1,2,3) but the oil price (Brent crude) during that particular day keep getting higher. That is an inverse to the index point.
Why is this? It's either investors are overlooked this sector or Malaysian Energy sector is not attractive enough.
This should be a chance for small retailers to start join this bandwagon because sooner or later it will fairly be price eventually.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.