Straits Index (M) Sdn Bhd
WinChart Technical Analysis
Daily Market analysis
Send to a Friend FBM ACE 14/04/2010
We are an approved 
Securities Industry Development Corporation (SIDC)-CPE Training Provider.
the training and development arm of the Securities Commission Malaysia (SC). 
As indicated by A, the FBMACE fell 85.67 points or 1.99% on Thursday, breaking below the 14, 21, 31 EMA by margin, continue testing the 4235 WinChart Automatic Fibonacci Retracement. Next support for the FBMACE is seen at 4113 WinChart Automatic Fibonacci Retracement.

As indicated by B, the Stochastic fell below 30% again, re-entering the short term bearish territory. If the Stochastic should stay below 30%, the short term movement of the FBMACE is expected to be weak.

As indicated by C, the MACD histogram failed to form a Rounding Bottom, and therefore, the falling of the MACD histogram suggests that the FBMACE is still losing strength.

In conclusion, the technical outlook for the FBMACE is turning weaker, and the short term movement of the FBMACE is on the negative side. If the FBMACE should form a lower-high below the 14, 21, 31 EMA, it would be an early signal suggesting a formation of a downtrend.

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 1997-2010 Straits Index (M) Sdn Bhd All rights reserved