Dear readers, let us take a look at the Malaysia stocks that make up the KLCI to see which of these stocks are oversold now (with a RSI of below 30).
As we can see from the list of the KLCI stocks above, there are no oversold Malaysian stocks . On the converse, we have four overbought Malaysian stocks in (a) Hong Leong Financial stock (b) Kulua Lumpur Kepong (c) Petronas Chemicals and (d) Press Metal Bhd. There is hence not really a good bargain on any of the above Malaysian stocks right now.
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