| KLCI
Daily Analysis 25/07/2005 |
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1997-2005 (M)
Sdn Bhd All Rights Reserved. |
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Composite Index Daily Analysis, 25/07/2005
Composite Index ended the Monday trading mixed with a gain of 0.15 points. At the moment, resistance for KLCI remains at 940 level, while the immediate support for KLCI falls on the W1 dynamic support. (Study A) Total market volume for the day was rather diappointed with a decrease of 25.7%. Therefore, from a technical point of view, this is a sign of weakness and it is skeptical that the KLCI would break out the 940 with such volume. (Study B) WinChart RSI shows a possible bearish divergence where the current peak was lower than the previous peak on the 22nd of June when compared with the index peaks. This is an early warning signal for it suggest that the KLCI could be at its temporary highest level.(Study C) |
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Copyright 1997-2005 Straits Index (M) Sdn Bhd, All Rights Reserved |
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