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K_S_AbdHamid
Feb 3, 2022 1:27 PM

Haven't Investors Notice About FBMKLSI Energy Index? Long

Bursa Malaysia Energy IndexMYX

Description

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.
Comments
K_S_AbdHamid
What I see is a divergence between Energy index point and Oil price. Huge possibility for Energy sector to rise.
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