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FKLI Technical Analysis - 24 Apr 2009

Sunday, April 26, 2009

Momentum from KLSE made FKLI continue its uptrend on 24 Apr 2009 closed 10.5 points higher @ 997.


Bollinger Band width continue to expand with candle above middle BB band. MACD still in bullish mode while RSI @ 74.9 overbought area.

Resistance @ upper BB band (1009) while support @ middle BB band (936).

Market are expected to continue uptrend but bear in mind the risk of technical correction is also nearer.

HAPPY TRADING!

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