FKLI closed up +16 ended at 893, 2.5 points discount to cash/KLCI reading. Some up trend in volume and MACD histogram indicate further rounding up to 0 point and potential cross between MACD (12) & (26). FKLI managed to touch 21-day SMA and middle Bollinger Band. Once FKLI break resistance at 896, the next resistance level will be 930 while support fall in Fib 23.6% which is 886 and Fib 61.8% which is 872.5 points. With US stimulus package reaches compromise & next bank bailout plan announcement on coming Tuesday, it definitely bring positive sentiment to the world market.
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