There are 252 up counters and 415 down counters with the market total traded volume decreased by 25.3% to 662 MIL shares. It is below 40 days volume moving average.
Today’s FBMKLCI top 3 gainers components (only 3 gainers today) are AXIATA, UMW and TENAGA. The top 5 lagging components are SIME, MMCCORP, RHBCAP, KLK and IOICORP.
FBMKLCI Technical Indicators
The INDEX stays below the Mid-Band with the Bollinger band expanded another 29%; this indicates FBMKLCI is bearish for short term.
RSI decreases to 14.57; this indicates FBMKLCI is bearish biased for short-term.
STC %K increased to 11.41 and the %D decreased to 8.3, this indicates FBMKLCI is bearish for short term but it also indicates FBMKLCI is oversold.
The MACD line continues to hook down below ZERO level, this indicates FBMKLCI is bearish for short term.
Summary
All the indicators indicate FBMKLCI is bearish for short term however STC and RSI also indicate it is oversold. FBMKLCI was dipped below the 200 days SMA this morning at 1266 however it was rebounded and supported above it. FBMKLCI mid-term view is bearish now. The nearest possible resistance levels for FBMKLCI are 1287, 1292 and 1302. The nearest possible support levels are 1272, 1266 and 1254. Please click on the chart below for better understanding.
