There are 82 up counters and 846 down counters with the market total traded volume increased by 42% to 940 MIL shares. It is above 40 days volume moving average, this means the selling is heavy but at same time there are investors willing to buy at the discounted rate.
Today’s FBMKLCI top 2 gainers components (only 2 gainers today) are PETGAS and ASTRO. The top 5 lagging components are AMMB, MAYBANK, CIMB, PPB and GENTING.
FBMKLCI Technical Indicators
The INDEX stays below the Mid-Band with the Bollinger band expanded another 31%; this indicates FBMKLCI is bearish.
RSI decreases to 12.25; this indicates FBMKLCI is bearish biased.
STC %K decreased to 2.27 and the %D decreased to 6.91, this indicates FBMKLCI is bearish but it also indicates FBMKLCI is oversold for short term.
The MACD line continues to hook down below ZERO level, this indicates FBMKLCI is bearish.
Summary
All the indicators indicate FBMKLCI is bearish however STC and RSI also indicate FBMKLCI is oversold. FBMKLCI was dipped below the 200 days SMA today; this means the long-term support had been broken down.
The nearest possible resistance levels for FBMKLCI are 1254, 1266 and 1272. The nearest possible support levels are 1233, 1224 and 1200. Please click on the chart below for better understanding.
