Monday, June 11, 2012

FBMKLCI for 12/6/12


FBMKLCI opened @ 1575, H - 1582, L - 1575, Closed - 1578. A good closing point; above the past few days high's and 50 days MA. 

Level to look @ next is 1583.
A strong support will still be around 1569, together with 100 days MA support line.

In my opinon, FBMKLCI would most likely be in its' sideways trend for the time being.

Btw, DJIA is faring @ -50pts (-0.40%) as of 11.26pm now. A good opportunity for the FBMKLCI index to be in its slight correction mode, if DJIA closes in the negative territory, as they have been on the upsides since the past days. 

Let's watch what happens tomorrow. 

Goodnight :-)

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