Sunday, June 24, 2012

KLCI for 25/6/12


O - 1599, H - 1608, L - 1594, C - 1603

Resistance - 1609
Support - 1595

DJIA closed with a positive of 67.21 points last Friday, + 0.53%.

FGVH IPO would be listed on 28th of June 2012, and in my opinion, perhaps FBMKLCI will still be on its supported range within the next whole week, until after that we shall see what will happen then. 

I'm neutral for the moment.

Sources from The Edge : 
Daily & monthly stochastic continued to stay in their respective overbought levels. Whereby its weekly stochastic continued to stay in its neutral level.
Make or Break resistance 1610 - 1625.

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