FKLI faced profit taking in the morning opening and trader stay sideline in anticipation of more news from US banks' stress test to be released on Thursday. However FKLI afternoon open with full gap up and remain high ended 22.5 points higher @ 1028.5 after news that Malaysian banks have a capital of more than RM44billion, risk weighted capital ratio of banks is about 13.4 percent, way above the eight percent minimum international requirement come out.
Bollinger Band begin to expand with candle riding @ upper BB band. MACD continuesly bullish but RSI indiate FKLI in overbought zone.
Support @ 1015.5, 994, 970 while resistance @ 1041.
HAPPY TRADING!
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