Friday, June 8, 2012

FBMKLCI for 11/6/12


FBMKLCI managed to close above last two days closing 69, and at current support level 1570.
As yesterday's candlestick was a doji, indicates indecision at near top, and did not manage to break out 76 level successfully.

What are we looking for on Monday? Would it be possibly within a tight range?

Next support @ 65, followed by 60. 
And resistance would be @ 75, 79 and 82.   
  
We'll have to wait then until Monday for a clearer picture.

DJIA is currently @ +22.54 (+0.18%) as of 11.52pm.

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