Today’s FBMKLCI top 5 gainers components are TANJONG, GENTING, BAT, KLK, and HLBANK. The top 5 lagging components are GENM, TENAGA, PLUS, PBB and RHBCAP.
FBMKLCI Technical Indicators
The INDEX stays above the Mid-Band with the Bollinger band expanded another 18%; this indicates FBMKLC is bullish biased for short-term.
RSI further decreased to 56.01; this indicates FBMKLCI is slightly sideway biased for short-term.
STC %K further increased to 94.71 and the %D also increased to 81.70. This indicates FBMKLCI is maintains bullish biased for short-term.
The MACD line had hooked up but has not touch the trigger line yet and the histogram is forming a rounding bottom but it has not pass the zero level; this indicates FBMKLCI is slightly bullish biased for short-term.
Summary
Most of the indicators above indicate FBMKLCI is bullish biased however the trading volume does not follow the indicators. The lower market volume is hard to push the index to advance further; hence we expect the market will move sideway for short-term. The nearest possible resistance levels for FBMKLCI are 1347.61 and the L1 dynamic resistance levels. The nearest possible support levels are 1340.8, 1334 and 1324.8. Please refer to the chart below for better understanding.
