Technical Analysis & Charting Course in KL (Mandarin)

FKLI-NEXT Technical Analysis - 30 Jul 2009

As month end approaching traders begin to divert attention to FKLI-NEXT.

FKLI-NEXT traded lower closed 13.5 lower @ 1160 impacted from weak regional market especially China sell off.

Bollinger Band width continue expanding with candle above middle BB band suggesting market still have room for moving up. MACD remain bullish with RSI near to overbought zone.

Immediate support 1152.5, 1135.5, 1105.5 @ while resistance @ 1162, 1168, 1189.5

FKLI Technical Analysis - 10 Jul 2009

FKLI closed 2 points lower after 2 consecutive of "Long" days. FKLI is in negative divergence behaviour with conract prices increase in the past 2 days but with lower and lower volume.

Bollinger Band width contracting with candle below middle BB suggesting middle BB the next resistance for FKLI @ 1067.5. MACD show some sign of rounding bottom while RSI remain neutral @ 64.7.

FKLI support @ 1055.5 follow by 1044 while resistance @ 1067.5 follow by 1091.

HAPPY TRADING!!

FKLI Technial Analysis - 01 Jul 2009

FKLI traded higher on 01 Jul 2009 disregards of cash market which is traded lower in the morning but picking up in the afternoon. FKLI closed 4 points @ 1083 with 8,375 contracts transacted.

Bollinger band remain consistant wth candle closed above middle BB. MACD forming golden cross, RSI begin moving norht @ 59.8. Most of the indicator suggesting that further uptrend is possible for FKLI depending on participation/volume involved.

Support @ 1080, 1072, 1046 while resistance @ 1098.

HAPPY TRADING!

FKLI Technical Analysis - 29 June 2009

FKLI-SPOT formed a doji indicating uncertainty on the market. Overall FKLI traded higher intraday but low volument & closed 1 points higher @ 1080.

Trader begin to put their focus on FKLI-NEXT which is Jul09.

FKLI-NEXT begin active closed to month end closed 1077 which is 2 points higher. FKLI-NEXT also formed a doji.

Bollinger band begin to expand with candle above middle BB. MACD rounding up and a golden cross is possible with RSI showing uptrend. Support @ 1067.5 while resistance @ 1094.5.

With crude oil firming up & up coming PM announcement on libelization, the uptrend further upside for FKLI is possible.

HAPP TRADING!

FKLI Technial Analysis - 26 June 2009

DJ closed +172 overnight has lifted FKLI open high but moving down as trader begin to profit take from the hike yesterday. However FKLI regain the momentum in the afternoon and closed 3 points higher @ 1079.

Hourly chart shows BB band begin to contract with candle above middle BB. MACD nearly form dead cross and RSI nearer to overbought zone.

FKLI support @ 1077.5, 1074, 1071 while resistance @ 1084.

FKLI Technical Analysis - 24 Jun 2009

FKLI traded higher today in tandem with regional's bourses. FKLI closed 10.5 points higher @ 1057.5.

Bollinger band width slightly contracting with candle below middle BB. MACD begin to form rounding with RSI begin moving upwards.

Depends on DJIA closing overnight, FKLI should continue its uptrend the next day if DJIA closed green overnight. Support @ 1049.5, 1037 while resistance @ 1061, 1066, 1070.

FKLI Technical Analysis - 23 Jun 2009

DJ drop 200 points overnight caused sell-offs in the region on concerns of a prolonged economic recession. FKLI traded lower in the morning session but rebound from noon onwards ended 3 points higher @ 1047.

Bollinger band width constant with candle below middle BB. As long as BB width not expanding with candle below middle BB, there is room for FKLI to rebound. MACD still moving south with RSI index @ 57.

Support @ 1045.5, 1040, 1036 while resistance @ 1051.5, 1065.5.

HAPPY TRADING!

FKLI Technial Analysis - 18 June 2009

FKLI closed lower for another day as Wall Street offered no fresh leads for Asian markets. The closely monitored Dow Jones Industrial Average moved in and out of positive territory throughout the trading day before closing almost unchanged overnight.

Trading in Asian stock markets was lacklustre. Buying momentum slowed as investors appear to be moving to the sidelines while selling pressure was also muted in the absence of significant developments.

FKLI bollinger band continouesly contracting with candle went below middle BB. It turns middle BB become the immediate resistance for FKLI. As long as BB width not expanding with candle below middle BB, FKLI downside risk is minimal.

Support = 1050, 1037.5, 1034.5

Resistance = 1065, 1068.5, 1074

HAPPY TRADING!!

FKLI Technial Analysis - 17 June 2009

Further downside from DJ overnight and world oil price uncertainty has causing FKLI traded lower for 3 days consicutively. FKLI closed 9 points lower @ 1071.

Bollinger band width remain consistance with candle nearer to middle BB. This suggest that middle BB band become the immediate support for FKLI. MACD begin moving south with RSI @ 57.5.

Resistance =1075, 1079, 1098

Support = 1064, 1060, 1057.

HAPPY TRADING!

FKLI Technical Analysis - 15 June 2009

FKLI closed 5 points lower @ 1085.5 with total volume of 5374 lots transacted. Impact from most Asian market low.

Bollinger Band width begin to contract with candle remain above middle BB. MACD remain in-directional and RSI moving south.

Immediate support @ 1080.5, 1072.5, 1060 while resistance @ 1089.5, 1092.5, 1097.5.

HAPPY TRADING!

FKLI Technial Analysis - 11 June 2009

FKLI closed 5 points lower after rally @ 1083.50.

Bollinger band width begin to contract with candle still maintain above middle BB. RSI sits @ 67.

Resistance @ 1093, 1096

Support @ 1086.5, 1081

HAPPY TRADING!

FKLI Technical Analysis - 28 May 2009

FKLI traded lower today after announcement on Malaysia GDP contraction of 6.2%. Even it has been revised to contraction of 4%-5% in the afternoon, it doesn't bring much positive impact as trader continue taking profit from yesterday hike.

FKLI closed 11.5 points lower @ 1038.5 with Bollinger Band width continue contraction and candle nearer to middle BB band. Both MACD & RSI continue heading south.

Resistance @ 1044.5, 1055.5, 1059.5 while support @ 1033.5, 1025, 991.

HAPPY TRADING

FKLI Technical Analysis - 26 May 2009

FKLI traded lower after profit taking from the gain on 25 May 2009. FKLI closed 7.5 points lower @ 1042 with higher volume traded.

Bollinger Band width remain consistent with candle above middle BB. MACD failed to form a golden cross and begin moving south while RSI moving away from overbought zone.

Support @ 1018 while resistance @ 1063.

HAPPY TRADING!

FKLI Technical Analysis - 25 May 2009

FKLI traded higher yesterday closed 1.5 points higher @ 1050.50.

Bollinger band width begin to expand with candle above middle BB indicating further bullish ahead. However it might have some pull back & profit taking due to more and more company quarterly results release this week.

MACD nearly forming golden cross with RSI @ 66.3 nearer to overbought zone.

Resistance @ upper BB 1061, support @ middle BB 1015.

FKLI Technical Analysis - 22 May 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

FKLI Technical Analysis - 18 May 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!

FKLI Technical Analysis - 15 May 2009

FKLI traded tide range today closed 7 points higher @ 1010 with total volume of 6839 lots transacted.

Bollinger Band width continue to contract with candle above nearer to middle BB band. MACD continue heading south with RSI in netral zone.

First detected swine flu news cames out today will bring some impact to the market place. Over the weekend depends on DJ closing as well as further news on Malaysia swine flu will impact the market movement next week.

Resistance @ 1045 while support @ 997.

HAPPY TRADING!!

FKLI Technical Analysis - 14 May 2009

FKLI open gap down and continously traded low ended 8 points @ 1003 with total volume of 7850 lots transacted. 

The sell off was triggered by worse than expected US retail sales numbers. The US Commerce Department reported a 0.4% drop in April retail sales while the fall in March was revised to 1.3%. The weaker than expected figures threw a wrench into expectations that a revival in consumer spending will lead the US out of its current downturn. A recovery in consumer consumption, which accounts for 70% of the economy, in 1Q09 had earlier buoyed hopes for a quick recovery for the world's largest economy.

Bollinger Band width sligthly contracted with candle getting nearer to middle BB. MACD begin moving south and RSI in neutral zone.

Immediate support @ 994.5 while resistance @ 1045.5.

HAPPY TRADING!!

FKLI Technical Analysis - 13 May 2009

FKLI traded lower closed 4.5 points lower @ 1021 with lower volume @ 6958 lots transacted. A doji has been formed again indicating indecision between buyers and sellers.

Bollinger band width remain consistent with candle above middle BB. MACD about to form "dead cross" and RSI remain in neutral zone.

Upper BB become the resistance @ 1045.5 while support @ 992. With DJ slump 184 points we can expect further profit taking or sell down today.

HAPPY TRADING