Thursday, June 7, 2012

FBMKLCI for 8/6/12

KLCI as of 7/6/12


FBMKLCI managed to break above 1575 today, and it touched 78 in the early session; which is also the highest point of the day, before sliding down to 72 and finally it closed @ 1575, which is still above yesterday's closing mark @ 1569 also the support as of now.

We are still hoping and looking forward to see the range of 80 over, if it breaks out successfully @ 1576.

However, the last candlestick of the daily chart as of 7/6/12 is a doji. This shows an uncertainty of what's next to happen. Let's watch if the trend is gonna continue moving upwards, or will it slide a little before continuing its journey again? 

Federal Reserve Chairman, Ben Bernanke will be speaking tonight on the US economy. Let's stay tuned! 

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