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: | |||
 |
 |
||
On Monday, the FBM2nd Board Index falls below the 6658 support, closing 50.64 points lower to 6627.68 points. As indicated by A, the 14, 21, 31 EMA is still serving as the dynamic resistance for the FBM2nd Board Index, and therefore, it suggests that the outlook for the FBM2nd Board Index is still bearish biased.
As circled at B, the Stochastic is still staying below the 30% level, which is the short term bearish region. Therefore, as long as the Stochastic is still staying below the 30% level, the FBM2nd Board Index movement for the short term is expected to be bearish biased.
As indicated by C, the MACD histogram continue falling while forming a rounding top signal. Therefore, the rounding top signal suggests a weakening signal of the MACD. Meanwhile, the MACD is still staying below the zero-level, which means that the long term movement for the FBM2nd Board Index is still weak.
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