Thursday, November 8, 2012

FKLI EOD 8/11/12


FKLI : O - 1632, H - 1639.5, L - 1625.5, C - 1637

It was like a roller coaster for KLCI / FKLI today. TM was sold down earlier in the morning before lunch and by late noon, it had rebounded beautifully from its bottom, with a nicely done hammer of high volume at closing of 5.60.

What would we be expecting of the KLCI / FKLI tomorrow? 

Resistance @ 1642 - 46 - 49 - 55
Support @ 1633 - 26 - 18
Break out point - 1634 / 35

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