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FKLI Technical Analysis - 23 Feb 2009

Monday, February 23, 2009


FKLI experienced rebound from last Friday drop with positive sentiment from stronger USD/MYR. FKLI closed at 6 points higher and 8104 lot transacted. Charts above shows the immediate resistance at SMA(20) 885 follow with SMA(100) 899.

Once MACD chart cross below 0 level further bearish trend will happen with immediate support @ 873 follow by 861.

HAPPY TRADING 

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