FBM KLCI
2012-04-03e

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

On Tuesday, the KLCI gained 2.85 points or 0.18% to close at 1606.63 points, marking yet another historical new high. As indicated by A, the 14, 21, 31 EMA is still serving as the dynamic support to the KLCI and since the KLCI is still making new high, we can't determine any reliable resistance for now.

As indicated by B, total market volume fell 13.34%, with volume below the 40-day Volume Moving Average. This shows that the market is still quiet, as investors are still not feeling confident about the market.

As indicated by C, the Stochastic retreated slightly, but remain above 70%, in the short-term bullish territory. This suggests that the short-term movement of the KLCI is still positive.

In conclusion, despite making another historical new high, the low market volume has failed to support the bullish movement, and the Volume Divergence is still in place. In short, the uptrend of the KLCI remains intact, but technically, it is not an ideal uptrend.

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