FBMKLCI Indicators
Bollinger band had contracted to 0% with the candlestick still stay below BBMB, indicates KLCI is consolidate with bearish biased.
RSI stay at 34.57 levels indicates KLCI30 still bearish biased.
STC %K and %D stay at 21.54 and 19.28 respectively, indicates KLCI30 still bearish.
The MACD line dipped below ZERO but the histogram seems to form a rounding bottom soon. If it successful to form a rounding bottom, then KLCI will has a chance to rebound.
All the indicators above remain bearish biased for FBMKLCI. Please refer to the picture of FBMKLCI daily chart for your reference.
The mid-term view of KLCI’s bullish trend still intact unless the support level 1250 is broken. However all the indicators like MACD, STC and RSI are bearish biased. If the index can stay above the BBMB in near term, KLCI will escape from the bear trend. Otherwise the outlook of KLCI will become bear trend for mid-term.
Counters for those who can monitor online and have a cut loss policy only
1. Affin - continue to monitor, buy above 2.66 or higher for mid term holding
2. CSCSTEL - Hold if you had bought
3. AIC - Hold if you had bought
4. Kenanga - Watch for T+4 profit taking, might run again after correction
5. Liihen - Under value counter. T+3, T+2 and T+1, watch for T+4 profit taking, might run again after correction.
6. KPJ - moving up but resisted at 2.35 and BBMB, watch for break out BBMB.
7. Latitud - Under value counter. T+3, T+2 and T+1, watch for T+4 profit taking. Might run again after correction.
8. Hiro - Under value counter. Watch for break out around 0.92
9. Magna - watch for retest 1.05
