FBMKLCI closed flat at 1266.43 (-0.01, -0%) with slight increases in traded volume. The nearest support levels for FBMKLCI are 1262, 1256, and the next support level is BBMB at about 1252. The nearest resistance levels for FBMKLCI are 1268, 1272, and 1281. The market’s volume has increased by 10% with 664mil shares traded today, but it is still below 40 days volume moving average. There are 383 up counters and 267 down counters.
FBMKLCI Indicators
Today’s FBMKLCI is supported by MA100 and within the upper Bollinger Band. The Bollinger Band expended by 1% with candlestick stays above the BBMB.
Current Bollinger band is considered positive biased toward up trending. Of course, if tomorrow still closing green, that would be clearer on up trend, otherwise, it might consolidate further.
RSI is slightly above 50 level at 51 indicates FBMKLCI is positively biased toward bull trend.
STC %K closed at 96.78 and the %D stays at 88.2. This indicates FBMKLCI short term is bullish biased.
The MACD line had crossed the trigger line for the third today but still below zero line. If the momentum is continued to cross above the ZERO level, FBMKLCI will be more confirmed as bullish trend.
All the indicators above indicate FBMKLCI is getting bullish biased with slight expansion on Bollinger Band but insufficient market volume and MACD below zero level. Please refer to the picture of FBMKLCI daily chart for your reference.
Stock to watch with cut loss policy
Unisem – up trend intact…
Tomypak – up trend intact…
Evergrn – uptrend with volume and MACD above zero level. The nearest possible resistances are at 1.69 and 1.76. If broken above both may rally further.
LHH – needed more volume support uptrend. Watch for MACD above zero level.
Airasia – Broke up above 1.45 with volume supported, uptrend intact…
Measat - Just broke out 1.98 with volume increase
MPHB - Just broke out trend line with volume increase
