Thursday, June 14, 2012

FBMKLCI for 15/6/12


FBMKLCI O - 1576, H - 1577, L - 1570, C - 1570. Supported by 100 days MA. 
RSI hit 70% and went down slightly today to 62%.

Next support @ 1565. It will not be too good, if it breaks below it. 

We still need more volume to push the index up, as we have not seen it breaking above 83 - 84 level yet as of now. 

Levels ranging from - 65 - 70 - 75 - 80 for the time being.

DJIA as of now, +104.48 pts (+0.84%). Nice! Hopefully, it would be able to sustain until closing.

Just to add on; yesterday's support was from the local funds as we could see from this chart above. And the foreigns are leaving bit by bit, since the last week. 

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