Thursday, October 4, 2012

FKLI EOD 3/10/12



FKLI opened gap up today @ 57.5 and the highest for the day 1659.5, however failed to break past its psychological price of 1660.

As mentioned earlier that the volume wasn't strong enough to support the rally, it was down to 43, before moving up few points at near closing to 1649.50.

Will FKLI be on range trading tomorrow onwards after failing to rally further due to unlimited volume done? 

Today, FBMKLCI was down in the red, closed by a 1.28 points below, due to few plantation counters; SIME & KLK dragging down the index.

Resistance @ 55 - 57.5 - 59.5
Support @ 49 - 44 - 37






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