Wednesday, June 6, 2012

FBMKLCI for 6/6/12

KLCI as of 5/6/12


Ok, this chart looks interesting. 
Level to monitor @ 1560, which i have circled as you could see from the chart above.
1 - Fibonacci Retracement of 50% = 1560
2 - Pivot Point = 1559
3 - Trendlines Crossover = 1560

Support @ 1554 -55. 

Let's see if it will move upwards and settle somewhere near 1565. 
Therefore, 1st resistance to look for @ 1564 / 65, if it breaks past this level, well i suppose it's gonna continue its uptrend movement then, provided there are no bad news from the US.

Okay, that's all for tonight. Goodnight! Have a good sleep and happy trading tomorrow!

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