FBM KLCI
2012-10-25e

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Securities Industry Development Corporation (SIDC)-CPE Training Provider.
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WinChart Announcement - English

As indicated by A, the KLCI successfully closed above 1688, making a historical closing high at 1671.89 points, gaining 3.9 points. The 14, 21, 31 EMA remains its dynamic support. Since the KLCI is closing at its historical high, there is no reliable resistance for now.

As indicated by B, total market volume increased 27.2%, with 1,440,328,900 shares traded. While still above the 40-day Volume Moving Average. Generally, the active market participation is likely to sustain the improving market sentiment.

As indicated by C, the Stochastic stays above 70%, in its short-term bullish territory, suggesting that the short-term movement of the KLCI is still positive.

In conclusion, despite the US market closed lower, the KLCI marks its historical new high. Technically, the technical outlook for the KLCI remains positive, as it is still supported by the rising 14, 21, 31 EMA dynamic support.

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