Today KLCI manages to push up last hour and closed at 1272.78 (+1.66pts, +0.1%) with 388 up counters and 266 down counters. The KLCI considered as consolidate but well supported by 10 and 50 days MA. RSI stays at 59.25, STC %K up slightly to 87, MOM still above zero. The MACD histogram still formed round bottom and the MACD line crossed above the triggering line but they are very close to each other. The traded volume does increased marginally by 2.7% to 603 mil but still below the average traded volume of about 823mil. The immediate support level is 1266 to 1264 which is equal to 10 days and 50 days MA respectively. With mixed indicators, the market in the side way to slightly up trend biased.
The KLCI was sideway most of the time from the morning session today but it started to dip at 330pm until 410pm. The KLCI down 5 points at 410pm and started a V-turn at 4.15pm with volume increased. It was closed at 1272.78 for the last day of year 2009. Please refer to the 5 mins chart of KLCL.
I will provide some counters to watch during the weekend. Please remember to revisit this Blog.
