Straits Index (M) Sdn Bhd
WinChart Technical Analysis
Daily Market Analysis
Send to a Friend FBM ACE 05/07/2010
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 30.33 points or 0.7% on Tuesday, and at the same time, the 14, 21, 31 EMA is still serving as the dynamic resistance to the FBMACE, and the L1 line is still in effect, which means that the FBMACE is still trending down.

As indicated by B, the Stochastic fell slightly on Tuesday, breaking below 30% again, although by margin. If the Stochastic should stay below 30%, it suggests that the short term movement of the FBMACE is likely to be weak.

As indicated by C, the MACD histogram is falling, and it suggests that the FBMACE is losing strength. The weakening movement of the FBMACE is expected to continue until the MACD histogram should form a Rounding Bottom. Meanwhile, the MACD line is still staying below the zero level, which suggests that the mid to long term movement of the FBMACE is still weak.

In conclusion, the downtrend remains intact for the FBMACE, until the FBMACE could successfully break above the L1 line or the 14, 21, 31 EMA dynamic resistance. Support for the FBMACE is at 4113 WinChart Automatic Fibonacci Retracement followed by 4000.

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