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FKLI Technical Analysis - 23 Mar 2009

Tuesday, March 24, 2009

Due to impact from UMNO coming election Malaysia stock market and FKLI has been traded higher. FKLI begin & traded higher on Monday closed 22.5 points @ 883 with total volume of 9804 lots transacted. 


Bollinger band width begin to expand with candle moving above middle BB band. This is a good sign for bull run plus MACD golden cross at this stage.

Immediate support @ 873, 869, 865 while resistance @ 894, 898, 902

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