Straits Index (M) Sdn Bhd
WinChart Technical Analysis
Daily Market Analysis
Send to a Friend Composite Index 11/03/2011
We are an approved 
Securities Industry Development Corporation (SIDC)-CPE Training Provider.
the training and development arm of the Securities Commission Malaysia (SC). 
As shown on the KLCI above, the KLCI fell below the 1513 and 1498 WinChart Automatic Fibonacci Retracement, losing 21.29 points or 1.4%. Support for the KLCI is at 1474 while the immediate resistance is at 1498.

Meanwhile, the KLCI also break below the 14, 21, 31 EMA as well as the Bollinger Middle Band , thus the technical outlook is now turning negative.

As indicated by B, total market volume remains low, and the market sentiment in general is still weak. In short, the market is less likely to pick up strength without sufficient inflow of fresh capital.

As indicated by C, the Stochastic fell below 70%, as it marks the end of the short term bullish signal. If the Stochastic should later break below 30%, it would be a short term bearish signal for the KLCI.

In conclusion, the KLCI is turning weaker after breaking below the 14, 21, 31 EMA and if the KLCI should later break below 1474, it would be making a 5 months new low.

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


1st Online Training In Malaysia
View the Online Training More Market Analysis Find out more about WinChart Upcoming Events

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 1997-2010 Straits Index (M) Sdn Bhd All rights reserved