On Tuesday, the KLCI ended mixed while moving sideways, gaining 2.44 points to 1234.31 points. KLCI managed to rebound precisely from the Bollinger middle band, and still, the 14, 21, 31 EMA is serving as the dynamic support to the KLCI. Therefore, the KLCI remained in its uptrend, with the immediate resistance at 1250.46 points.

Total market volume increased 17.3% with over 1.8 billion shares traded. As pointed by B, total market volume managed to stay above the 40 days VMA level, suggested that the overall market is still actively participated. (Study B)

As circled by C, Stochastic remained above 70% level, which is the short-term bullish region. Therefore, according to Stochastic signal, the short-term market movement for the KLCI remained bullish bias. (Study C)

Find this analysis useful? Why not share it with others? Click Here to send this to a friend

Straits Index (M) Sdn Bhd
No. 16, Jalan LP 1A / 5, Lestari Perdana,
43300 Seri Kembangan, Selangor
Hotline: (03) 8941 6828  (5 lines)   Fax: (03) 8941 9828    
Email: info@straitsindex.com
© Copyright 1997-2007 Straits Index (M) Sdn Bhd All rights reserved