There are 293 up counters and 371 down counters with the market total traded volume decreased by 24.7% to 682 MIL shares. The volume is again below the 40 days VMA of 932 MIL shares.
Today’s FBMKLCI top 4 gainers components (only 4 gainers today) are DIGI, GENTING, TENAGA and TANJONG. The top 5 lagging components are SIME, PETDAG, PLUS, GENM and BJTOTO.
FBMKLCI Technical Indicators
The INDEX stays at the Mid-Band with the Bollinger band contracted -2%; this indicates FBMKLC is slightly bearish to neutral today.
RSI slightly decreases to 52.06; this indicates FBMKLCI is sideway biased for short-term.
STC %K decreases to 69.03 and the %D increases to 79.12, this indicates FBMKLCI is moving from bullish to neutral for short-term.
The MACD line continues to hook down and the histogram has not formed a rounding bottom. This indicates FBMKLCI is turning from bullish to slightly bearish biased for short-term.
Summary
Most the indicators indicate FBMKLCI is turning from bullish to neutral today. The index was suppported by the 14 days EMA today. However if the index continues to drop on next Monday, it will turn bearish biased.
The nearest possible resistance levels for FBMKLCI are 1342 and 1350. The nearest possible support levels are EMA14, L2 trend line and 1324.8. Please refer to the chart below for better understanding.
