Winchart Technical Analysis -
Daily Market analysis
| Learn Technical Analysis and get your credit hours at the same time. WinChart Technical Analysis Training is Accredited by: | |||
 |
 |
||
The FBM2nd Board Index rebounded 23.32 points on Friday, closing 6830.69 points. However, as indicated by A, the 14, 21, 31 EMA is still falling while still continue serving as the dynamic resistance for the FBM2nd Board Index. As long as the FBM2nd Board Index is still resisted by the falling dynamic resistance, the outlook for the FBM2nd Board Index shall remains bearish biased. Nevertheless, support for the FBM2nd Board Index remains at 6707.12 Fibonacci line.
As circled at B, the WinChart RSI remains below the 30% level, which is the mid term bearish region. Therefore, the WinChart RSI is suggesting that the FBM2nd Board Index mid term strength is still weak, and the FBM2nd Board Index is likely to remain weak until WinChart RSI breaks out from the 30% level.
As circled at C, the Stochastic is still situated below the 30% level, which is the short term bearish region. This shows that the market movement for the short term is still at bearish biased.
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 1997-2007 Straits Index (M) Sdn Bhd All
rights reserved