DJI dipped another –115 points however most of the Asian bourses and FBMKLCI were traded sideway. FBMKLCI opened flat at 1285.78 (-1.09) and then it traded sideway until closing at 1288.18 (+1.91, +0.15%).
The overall market’s trend is considers as sideway today as there are 349 up counters and 271 down counters with the market total traded volume increased by 5.9 % to 521 MIL shares. The market’s volume is below 40 days volume moving average and many investors still remain sideline.
Today’s FBMKLCI top 5 gainers components are MMCCORP, GENTING, HLFG, MAYBANK and RHBCAP. The top 5 lagging components are BAT, KLK, MISC, BJTOTO and PPB.
FBMKLCI Technical Indicators
The INDEX stays above the Mid-Band with the Bollinger band expanded 1%; this indicates FBMKLCI still considers as consolation.
RSI went sideway to 35.5; this indicates FBMKLCI is considers as consolation.
STC %K hooks up to 82.24 and the %D increased to 82.77, this indicates FBMKLCI is bullish biased.
The MACD line slightly hooks up and crosses the trigger line but it stays below the ZERO level. This indicates FBMKLCI is slightly bullish.
Summary
Most of the indicators indicate FBMKLCI still under consolidation above the BBMB. FBMKLCI had broken out 1287 today but EMA14 continues to provide a resistance for FBMKLCI at about 1290. The nearest possible resistance levels for FBMKLCI are EMA14 (1290), 1296 and 1309. The nearest possible support levels are 1284, BBMB, 1269. Please click on the chart below for better understanding.
