FBM KLCI
2012-07-31e

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

On Tuesday, the KLCI was trading at a narrow range, closing 0.75 of a point lower at 1631.60 points. As indicated by A, the KLCI is still above the 14, 21, 31 EMA dynamic support, thus the uptrend shall remains intact. Resistance for the KLCI stays at 1647.94 historical peak.

As indicated by B, total market volume fell 4.39%, but volume remains above the 40-day Volume Moving Average. This suggests that the market is overall actively participated and if volume should stay above the 40-day Volume Moving Average, it is likely to help sustain the KLCI uptrend.

As indicated by C, the Stochastic remains in its neutral position despite breaking above 30%. Technically, the Stochastic would have to break above 70%, in order to signal a short-term bullish movement.

In conclusion, with the KLCI above the 14, 21, 31 EMA, the immediate technical outlook for the KLCI is still positive. However, for the KLCI to extend its uptrend, it would have to break above 1647.94 resistance, or the upside room would be limited.

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 1997-2012 Straits Index (M) Sdn Bhd All rights reserved