Straits Index (M) Sdn Bhd
WinChart Technical Analysis
Daily Market Analysis
Send to a Friend FBM ACE 27/04/2010
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 remains in its consolidation, gaining only 2.05 points or 0.05% on Wednesday. The 14, 21, 31 EMA is still serving as the dynamic support to the FBMACE while the resistance is still at 4431.77 WinChart Automatic Fibonacci Retracement.

As circled at B, the Stochastic stopped falling, and this suggests that the short term movement of the FBMACE is not yet turning weaker. If the Stochastic could break above 70%, it would be a short term bullish biased signal for the FBMACE.

As indicated by C, the MACD histogram is still rising, and technically, this suggests that the FBMACE movement is still picking up strength, or the improvement is still intact. The improvement shall carry on until the MACD histogram forms a Rounding Top.

In conclusion, the current consolidation of the FBMACE is a healthy one, provided that the FBMACE should stay above the 14, 21, 31 EMA. Ideally, if the FBMACE could rebound from the 14, 21, 31 EMA and later break above 4431.17 resistance, the short term uptrend is expected to carry on.

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