KLCI Daily Analysis
15/04/2005年		 Copyright (c) 1997-2005 SI Logo(M) Sdn Bhd 
 All Rights Reserved.

On Friday, 15/04/05, 10 days Bollinger Band wider slightly of 4%, however, KLCI failed to break out from the down-trend channel (A). Daily high was at 880.07 and closed on daily low at 874.25. For the day, volume remained below 40 day VMA (B) at 342,713,000 shares, (-2.98%). We can see that the down trend channel since 19/01/05 is still perfectly intact. 

Currently, KLCI’s resistance is still at the WinChart automatic Fibonacci Retracement of 878.96 and also the down trend channel resistance (T1), while the support is at the 200 day MA at 874.25, which is also the closing price for the day. Other supports are 10 day Bollinger Band Middle at 872.27 and also at Fibonacci 859.81. 

As shown in C RSI remained at the neutral zone. Should the KLCI going side way, we would see RSI wandering around the 50% zone, thus giving no trading signals. 

%K of Stochastic pulled back to about 70% level. Again, if KLCI goes side way, the significance of Stochastic is reduced.

 

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