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FKLI Technical Analysis - 23 Apr 2009

Thursday, April 23, 2009

FKLI closed 18.5points higher @ 986.50 in-line with a regional market rally yesterday but were also boosted by feel-good sentiment after the Prime Minister announced the removal of 30% bumiputra equity requirement for 27 services sub-sector on Wednesday.


Bollinger Band width expanding with candle above middle BB. MACD still in bullish mode but RSI @ 72.8 which is overbought area. 

Resistance @ 1001 while support @ 931.

HAPPY TRADING!

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