Sunday, October 18, 2009

FBMKLCI 12/10/2009 - 16/10/2009

FBMKLCI Heading Towards 1300 points??

FBMKLCI Daily Chart(EMA30,90,200days)
-Will FBMKLCI push towards 1300points resistant before heading into market correction?
-This will fully depends on the FBMKLCI's FBM30 counters performance. Strong buying in selective blue-chips counters will further push FBMKLCI towards 1300points resistant. But of course this must be accompanied by heavy volume in the market.
-However if market performance were to be bad next week, a market correction will happen in FBMKLCI and an immediate support will be at EMA30days.

FBMKLCI Weekly Chart(Trendline)
-FBMKLCI weekly chart is showing a strong uptrend movement since March 2009. FBMKLCI will need to stay strong above this weekly trendline.
-This we can see an increase in the market volume due to heaving buying in selective counters.
-However based on the market is currently overbought with MACD near deathly cross, investors and traders need to be caution as the BIG players may start selling their shares.


FBMKLCI Main 30 Components Counters

YTLPOWR(6242)


YTL(4677)

UMW(4588)


TM(4863)

TENAGA(5347)

TANJONG(2267)

SIME(4197)

RHBCAP(1066)


PPB(4065)

PLUS(5052)

PETGAS(6033)

PETDAG(5681)

PBBANK(1295)


PARKSON(5657)

MMCCORP(2194)

MAYBANK(1155)

MAS(3786)

KLK(2445)


IOICORP(1961)

HLBANK(5819)

GENTING(3182)

GENM(4715)

DIGI(6947)


CIMB(1023)


BJTOTO(1562)


BAT(4162)


AXIATA(6888)


ASTRO(5076)


AMMB(1015)



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