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FKLI Technical Analysis - 18 May 2009

Tuesday, May 19, 2009

The fear of swine flu spread within Malaysia plus DJ red last week caused market open low but rebound in during afternoon session. FKLI closed 6.5 points lower @ 1003.5.


Bollinger Band begin to contract with support @ middle BB 999.5 while resistance @ upper BB 1044. MACD remain heading south while RSI in neutral zone.


FKLI 60min charts having resistance @ MA(100) 1016 while support @ 1006 & 1003.5.

HAPPY TRADING!

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