| KLCI
Daily Analysis 17/11/2005 |
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1997-2005 (M)
Sdn Bhd All Rights Reserved. |
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Composite Index Daily Technical Analysis, 17/11/2005
The Composite Index wandered at the border line of the T3 dynamic support, losing 2.5 points to 894.3 points. Nonetheless, support for KLCI is still at the T3, while the resistance for KLCI falls on the 10 days Bollinger middle band. (Study A) At the moment, the WinChart RSI is situated in the mid-term neutral zone. However, since the RSI is still below the 50% level, therefore, it suggests that the sentiment for KLCI is still has a negative bias. (Study B) Both lines of the Stochastic remain below the 30% level, which is also the short-term bearish zone. Unless the Stochastic break above the 30% level, market sentiment for the short-term is likely to be bearish bias. (Study C) |
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Copyright 1997-2005 Straits Index (M) Sdn Bhd, All Rights Reserved |
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