Straits Index (M) Sdn Bhd
WinChart Technical Analysis
Daily Market Analysis
Send to a Friend FBM ACE 22/06/2010
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 is still resisted by the L1 line as well as the 14, 21, 31 EMA, closing 20.50 points or 0.49% on Wednesday. Therefore, the technical outlook for the FBMACE remains weak. Fortunately, the FBMACE is still holding up above the 4200 support.

As indicated by B, the Stochastic is still falling, but not yet breaking below 30%. Therefore, it is not yet showing a short term bearish signal for the FBMACE.

As indicated by C, the MACD histogram is still falling, and might be forming a Rounding Top. Nevertheless, the falling of the MACD histogram suggests that the FBMACE is losing some strength.

Despite the KLCI gaining 6.56 points on Wednesday, the FBMACE is still staying on the weaker side. This implies that the market rally is very selective, and not the entire market is bullish. Nevertheless, if the FBMACE should break below 4200, next supports are found at 4113 WinChart Automatic Fibonacci Retracement followed by the 4000 psychological support.

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