There are 399 up counters and 288 down counters with the market total traded volume slightly increased by 9.9% to 875 MIL shares and slightly below 40 days VMA
Today’s FBMKLCI top 5 gainers components are GENTING, BJTOTO, SIME, AXIATA and MISC. The top 5 lagging components are CIMB, MMCCORP, BAT, TENAGA and IOICORP.
FBMKLCI Technical Indicators
The INDEX stays below the mid-band slightly with the Bollinger band contracted by 11%; this indicates FBMKLCI is sideway biased for short term.
RSI decreased slightly at 58.55; this indicates FBMKLCI is sideway biased for short term.
STC %K was sideway at 54.18 and the %D also goes sideway to 37.62. This indicates FBMKLCI is sideway biased for short term.
The MACD still heading south but the histogram seem to form a round bottom, this indicates FBMKLCI short-term consolidation but it might has a chance to rebound soon.
Summary
All the indicators above indicate FBMKLCI is consolidation. The nearest possible resistance levels for FBMKLCI are BBMB which close to 1334, and 1347.6. The nearest possible support levels are 1321, 1318 FIBO and 1292. Please refer to the chart below for better understanding.
