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FKLI Technical Analysis - 22 May 2009

Saturday, May 23, 2009

DJ falled 129.91 points on Thurs night doesn't really affect FKLI much during opening as better news is coming out from Malaysia PM's visit to Singapore.


FKLI traded higher with 10,692 lots transacted and closed 19 points higher @ 1048.

Bollinger Band width begin to expand with candle riding above middle BB band indicating bullish trend ahead with upper BB and middle BB become to resistance & support respectively.MACD bullish & nearly forming a golden cross, RSI @ 65.8 in neutral zone but getting nearer to overbought zone.

** US consumer confidence will be released on 26 May & New Home Sales will be released on 28 May. 

Upper BB = 1056
Middle BB = 1012
Lower BB =  968

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