FBM KLCI
2012-03-26e

We are an approved 
Securities Industry Development Corporation (SIDC)-CPE Training Provider.
the training and development arm of the Securities Commission Malaysia (SC). 

On Monday, the KLCI fell 2.85 points or 0.18%, to close at 1582.98 points. As indicated by A, the KLCI remains in its sideways consolidation while still staying above the 14, 21, 31 EMA dynamic support. This suggests that the uptrend of the KLCI is still intact. Resistance for the KLCI remains at 1597.08 or 1600.

As indicated by B, total market volume fell 25.05%, with volume below the 40-day Volume Moving Average. This suggests that the market is lightly participated, as investors are being cautious amid market uncertainty.

As indicated by C, despite the lower volume and the fall of the KLCI, the Stochastic stays above 70%, in its short-term bullish territory. This suggests that the short-term movement of the KLCI is still on the positive side.

In conclusion, the uptrend is still intact for the KLCI, but due to insufficient inflow of fresh capital as well as the the low investors confidence, the KLCI is not able to break above its resistance yet. If the KLCI should break below the 14, 21, 31 EMA, the uptrend would be temporary interrupted.

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