Thursday, 22 June 2017

23 Jun 2017 - Rebounds could be sold down.


A narrower price band was seen on 22 Jun, with a 3.61-point range traded between 1,778.68 and 1,777.43. The index inched up by 1.86-points on minor nibbling activities to settle at 1,777.43. 

Supports at 1,755, 1,760 and 1,775 may be weaker for 23 Jun, whilst very heavy profit taking at the 1,777, 1,787 and 1,796 resistance areas will cap the index rise. Two indicators (DMI and Oscillator) we monitor are positive, signalling that a further medium-term price rise may be possible (as the index held above 1,651.45). Its CCI, MACD and Stochastic have however turned negative from overbought position.

Investors may sell on rallies, as the index turned into neutral territory and is between the 18 and 40 SMA since 21 Jun. The FKLI contracts (Jun, Jul, Sep & Dec 2017) turned above par (ranging from a 0.57-points to a 7.57-points premium) against the index on nibbling activities. 

Due to the US markets' marginally weaker tone of 12.74-points for 22 Jun, the index may trade with a downward bias today. Obvious bearish divergence on its ADX, CCI, DMI, MACD, MACD Histogram and Oscillator will cause profit-taking on rallies for the FBMKLCI today. There was a Doji signal appeared on 16 Jun to create some uncertainty at lofty levels (at 1,796.75) for the index. Downside price movements will emerge from this key 1,796.75 peak.

Wednesday, 21 June 2017

22 Jun 2017 - Peaked at 1,796.75. Weakness will persist.


A wider price band was seen on 21 Jun, with a 8.43-point range traded between 1,782.09 and 1,773.66. The index fell by 5.14-points on heavy selling activities to settle at 1,775.57. 

Supports at 1,755, 1,760 and 1,772 may be weaker for 22 Jun, whilst very heavy profit taking at the 1,775, 1,787 and 1,796 resistance areas will cap the index rise. Two indicators (DMI and Oscillator) we monitor are positive, signalling that a further medium-term price rise may be possible (as the index held above 1,651.45). Its CCI, MACD and Stochastic have however turned negative from overbought position.

Investors may sell on rallies, as the index turned into neutral territory and is between the 18 and 40 SMA since 21 Jun. The FKLI contracts (Jun, Jul, Sep & Dec 2017) turned around par (ranging from a 2.07-points discount to a 3.93-points premium) against the index on position adjustment activities. 

Due to the US markets' weaker tone of 57.11-points for 21 Jun, the index may trade with a downward bias today. Obvious bearish divergence on its ADX, CCI, DMI, MACD, MACD Histogram and Oscillator will cause profit-taking on rallies for the FBMKLCI today. There was a Doji signal appeared on 16 Jun to create some uncertainty at lofty levels (at 1,796.75) for the index. Downside price movements will emerge from this key 1,796.75 peak.

Tuesday, 20 June 2017

21 Jun 2017 - Selling emerges at peak is sighted at 1,796.75.


A narrower price band was seen on 20 Jun, with a 6.99-point range traded between 1,787.70 and 1,780.71. The index tumbled by 8.19-points on late heavy selling activities to settle at the day's low of 1,780.71. 

Supports at 1,755, 1,760 and 1,772 may be weaker for 21 Jun, whilst heavy profit taking at the 1,780, 1,787 and 1,796 resistance areas will cap the index rise. Three indicators (CCI, DMI and Oscillator) we monitor are positive, signalling that a further medium-term price rise may be possible (as the index held above 1,651.45). Its MACD and Stochastic have however turned negative from overbought position.

Investors may sell on rallies, despite the index remaining in positive territory and above the 18 and 40 SMA since 2 Jun. The FKLI contracts (Jun, Jul, Sep & Dec 2017) turned above par (ranging from a 2.79-point to a 6.79-points premium) against the index on nibbling activities. 

Due to the US markets' weaker tone of 61.85-points for 20 Jun, the index may trade with a downward bias today. Obvious bearish divergence on its ADX, CCI, DMI, MACD, MACD Histogram and Oscillator will cause profit-taking on rallies for the FBMKLCI today. There was a Doji signal appeared on 16 Jun to create some uncertainty at lofty levels (at 1,796.75) for the index. Downside price movements may emerge from this key 1,796.75 peak.

Monday, 19 June 2017

20 Jun 2017 - Peaked at 1,796.75 with bearish divergence.


A narrower price band was seen on 19 Jun, with a 8.14-point range traded between 1,793.39 and 1,785.25. The index inched down by 2.41-points on some profit taking activities to settle at 1,788.90. 

Supports at 1,772, 1,781 and 1,785 may be obvious for 20 Jun, whilst clear profit taking at the 1,788, 1,796 and 1,808 resistance areas may cap the index rise. Four indicators (CCI, DMI, MACD, and Oscillator) we monitor are positive, signalling that a further medium-term price rise may be possible (as the index held above 1,651.45). Its Stochastic has turned negative in overbought position.

Investors may nibble on weakness, as the index turned into positive territory and above the 18 and 40 SMA on 2 Jun. The FKLI contracts (Jun, Jul, Sep & Dec 2017) turned around par (ranging from a 1.90-point discount to a 1.60-points premium) against the index on position adjustment activities. 

Due to the US markets' firmer tone of 144.71-points for 19 Jun, the index may trade with a minor upward bias today. Obvious bearish divergence on its ADX, CCI, DMI, MACD, MACD Histogram and Oscillator may cause profit-taking on rallies for the FBMKLCI today. The index had recently bottomed out at 1,759.73 on 1 Jun 2017, with lower volumes traded. However, a Doji signal appeared on 16 Jun to create some uncertainty at lofty levels (at 1,796.75) for the index.

Sunday, 18 June 2017

19 Jun 2017 - An uncertain Doji signal at lofty levels.


A wider price band was seen on 16 Jun, with a 8.91-point range traded between 1,796.75 and 1,787.84. The index inched up 1.30-points on some nibbling activities to settle at 1,791.31. 

Supports at 1,776, 1,781 and 1,787 may be obvious for 19 Jun, whilst clear profit taking at the 1,791, 1,795 and 1,808 resistance areas may cap the index rise. Five indicators (CCI, DMI, MACD, Stochastic and Oscillator) we monitor are positive, signalling that a further medium-term price rise may be possible (as the index held above 1,651.45). 

Investors may nibble on weakness, as the index turned into positive territory and above the 18 and 40 SMA on 2 Jun. The FKLI contracts (Jun, Jul, Sep & Dec 2017) turned above par (ranging from a 3.69-point to a 7.19-points premium) against the index on buying activities. 

Due to the US markets' marginally firmer tone of 24.38-points for 16 Jun, the index may trade with a minor upward bias today. Obvious bearish divergence on its ADX, CCI, DMI, MACD, MACD Histogram and Oscillator may cause profit-taking on rallies for the FBMKLCI today. The index had recently bottomed out at 1,759.73 on 1 Jun 2017, with lower volumes traded. However, a Doji signal appeared on 16 Jun to create some uncertainty at lofty levels for the index.

Thursday, 15 June 2017

16 Jun 2017 - A softer tone ahead of the weekend.


A wider price band was seen on 15 Jun, with a 6.74-point range traded between 1,795.01 and 1,788.27. The index fell 2.34-points on some profit taking activities to settle at 1,790.01. 

Supports at 1,776, 1,781 and 1,787 may be obvious for 16 Jun, whilst clear profit taking at the 1,790, 1,795 and 1,808 resistance areas may cap the index rise. Five indicators (CCI, DMI, MACD, Stochastic and Oscillator) we monitor are positive, signalling that a further medium-term price rise may be possible (as the index held above 1,651.45). 

Investors may nibble on weakness, as the index turned into positive territory and above the 18 and 40 SMA on 2 Jun. The FKLI contracts (Jun, Jul, Sep & Dec 2017) turned around par (ranging from a 0.51-point discount to a 1.99-points premium) against the index on position adjustment activities. 

Due to the US markets' weaker tone of 14.66-points for 15 Jun, the index may trade with a minor downward bias today ahead of the weekend. Obvious bearish divergence on its ADX, CCI, DMI, MACD, MACD Histogram and Oscillator may cause profit-taking on rallies for the FBMKLCI today. The index had recently bottomed out at 1,759.73 on 1 Jun 2017, with lower volumes traded. 

Wednesday, 14 June 2017

15 Jun 2017 - May attack 1,795 & 1,800 soon.


A narrower price band was seen on 14 Jun, with a 6.15-point range traded between 1,793.07 and 1,786.92. The index rose 7.91-points on some buying activities to settle at 1,792.35. 

Supports at 1,776, 1,781 and 1,792 may be obvious for 15 Jun, whilst clear profit taking at the 1,795, 1,800 and 1,808 resistance areas may cap the index rise. Five indicators (CCI, DMI, MACD, Stochastic and Oscillator) we monitor are positive, signalling that a further medium-term price rise may be possible (as the index held above 1,651.45). 

Investors may nibble on weakness, as the index turned into positive territory and above the 18 and 40 SMA on 2 Jun. The FKLI contracts (Jun, Jul, Sep & Dec 2017) turned around par (ranging from a 2.85-point discount to a 0.15-points premium) against the index on position adjustment activities. 

Due to the US markets' firmer tone of 46.09-points for 14 Jun, the index may trade with a minor upward bias today. Obvious bearish divergence on its ADX, CCI, DMI, MACD, MACD Histogram and Oscillator may cause profit-taking on rallies for the FBMKLCI today. The index had recently bottomed out at 1,759.73 on 1 Jun 2017, with lower volumes traded. 

Tuesday, 13 June 2017

14 Jun 2017 - Moving up in tandem with the Dow.


A narrower price band was seen on 13 Jun, with a 8.70-point range traded between 1,793.01 and 1,784.31. The index fell 4.45-points on late selling activities to settle at 1,784.44. 

Supports at 1,769, 1,776 and 1,784 may be obvious for 14 Jun, whilst clear profit taking at the 1,788, 1,795 and 1,800 resistance areas may cap the index rise. Four indicators (CCI, DMI, MACD and Oscillator) we monitor are positive, signalling that a further medium-term price rise may be possible (as the index held above 1,651.45). Its Stochastic is overbought and has turned negative.

Investors may nibble on weakness, as the index turned into positive territory and above the 18 and 40 SMA on 2 Jun. The FKLI contracts (Jun, Jul, Sep & Dec 2017) turned above par (ranging from a 1.56-point to a 4.56-points premium) against the index on some buying activities. 

Due to the US markets' firmer tone of 36.30-points for 13 Jun, the index may trade with a minor upward bias today. Obvious bearish divergence on its ADX, CCI, DMI, MACD, MACD Histogram and Oscillator may cause profit-taking on rallies for the FBMKLCI today. The index had recently bottomed out at 1,759.73 on 1 Jun 2017, with lower volumes traded. 

Monday, 12 June 2017

13 Jun 2017 - Another muted trading day.


A wider price band was seen on 9 Jun, with a 9.41-point range traded between 1,790.64 and 1,781.23. The index rose 3.32-points on minor nibbling activities ahead of a long weekend to settle at 1,788.89. 

Supports at 1,769, 1,776 and 1,788 may be obvious for 13 Jun, whilst clear profit taking at the 1,790, 1,795 and 1,800 resistance areas will cap the index rise. Four indicators (CCI, DMI, MACD and Oscillator) we monitor are positive, signalling that a further medium-term price rise may be possible (as the index held above 1,651.45). Its Stochastic is overbought and has turned negative.

Investors may nibble on weakness, as the index turned into positive territory and above the 18 and 40 SMA on 2 Jun. The FKLI contracts (Jun, Jul, Sep & Dec 2017) turned above par (ranging from a 1.61-point to a 5.11-points premium) against the index on some minor buying activities. 

Due to the US markets' marginally weaker tone of 36.30-points for 12 Jun, the index may trade with a sideward bias today. Obvious bearish divergence on its ADX, CCI, DMI, MACD, MACD Histogram and Oscillator may cause profit-taking on rallies for the FBMKLCI today. The index had recently bottomed out at 1,759.73 on 1 Jun 2017, with lower volumes traded. 

Thursday, 8 June 2017

9 Jun 2017 - A muted weekend close.


A narrower price band was seen on 8 Jun, with a 5.89-point range traded between 1,789.02 and 1,783.13. The index inched down 0.35-points on minor selling activities to settle at 1,785.57. 

Supports at 1,766, 1,772 and 1,785 may be obvious for 9 Jun, whilst clear profit taking at the 1,788, 1,795 and 1,800 resistance areas will cap the index rise. Four indicators (CCI, DMI, MACD and Oscillator) we monitor are positive, signalling that a further medium-term price rise may be possible (as the index held above 1,651.45). Its Stochastic is overbought and has turned negative.

Investors may nibble on weakness, as the index turned into positive territory and above the 18 and 40 SMA on 2 Jun. The FKLI contracts (Jun, Jul, Sep & Dec 2017) turned around par (ranging from a 4.93-point premium to a 0.57-points discount) against the index on some position adjustment activities. 

Due to the US markets' marginally firmer tone of 8.84-points for 8 Jun, the index may trade with a minor upward bias today. Obvious bearish divergence on its ADX, CCI, DMI, MACD, MACD Histogram and Oscillator may cause profit-taking on rallies for the FBMKLCI today. The index had recently bottomed out at 1,759.73 on 1 Jun 2017, with lower volumes traded. 

Wednesday, 7 June 2017

8 Jun 2017 - A re-test of 1,795 & 1,800 soon?


A narrower price band was seen on 7 Jun, with a 6.73-point range traded between 1,792.65 and 1,785.92. The index fell 5.09-points on late afternoon selling activities to settle at the day's low of 1,785.92. 

Supports at 1,766, 1,772 and 1,785 may be obvious for 8 Jun, whilst clear profit taking at the 1,788, 1,795 and 1,800 resistance areas will cap the index rise. Five indicators (CCI, DMI, MACD, Stochastic and Oscillator) we monitor are positive, signalling that a further medium-term price rise may be possible (as the index held above 1,651.45). 

Investors may nibble on weakness, as the index turned into positive territory and above the 18 and 40 SMA on 2 Jun. The FKLI contracts (Jun, Jul, Sep & Dec 2017) turned around par (ranging from a 0.58-point premium to a 6.42-points discount) against the index on some position adjustment activities. 

Due to the US markets' marginally firmer tone of 37.46-points for 7 Jun, the index may trade with a minor upward bias today. Obvious bearish divergence on its ADX, CCI, DMI, MACD, MACD Histogram and Oscillator may cause profit-taking on rallies for the FBMKLCI today. The index had recently bottomed out at 1,759.73 on 1 Jun 2017, with lower volumes traded. 

Tuesday, 6 June 2017

7 Jun 2017 - Index may ignore Dow's minor 48-point decline.


A wider price band was seen on 6 Jun, with a 11.92-point range traded between 1,795.00 and 1,783.08. The index rose 3.06-points on minor buying activities to settle at 1,791.01. 

Supports at 1,772, 1,783 and 1,791 may be obvious for 7 Jun, whilst clear profit taking at the 1,796, 1,800 and 1,808 resistance areas will cap the index rise. Five indicators (CCI, DMI, MACD, Stochastic and Oscillator) we monitor are positive, signalling that a further medium-term price rise may be possible (as the index held above 1,651.45). 

Investors may nibble on weakness, as the index turned into positive territory and above the 18 and 40 SMA on 2 Jun. The FKLI contracts (Jun, Jul, Sep & Dec 2017) turned below par (ranging from a 2.51-point to a 9.01-points discount) against the index on some selling activities. 

Despite the US markets' marginally weaker tone of 47.81-points for 6 Jun, the index may trade with a minor upward bias today. Obvious bearish divergence on its ADX, CCI, DMI, MACD, MACD Histogram and Oscillator may cause profit-taking on rallies for the FBMKLCI today. The index had recently bottomed out at 1,759.73 on 1 Jun 2017, with lower volumes traded. 

Monday, 5 June 2017

6 Jun 2017 - Index makes a new recent high. May re-test 1,800.


A wider price band was seen on 5 Jun, with a 15.21-point range traded between 1,790.23 and 1,775.02. The index rose 11.00-points on clear buying activities to settle at 1,787.95. 

Supports at 1,772, 1,784 and 1,787 may be obvious for 6 Jun, whilst clear profit taking at the 1,790, 1,796 and 1,808 resistance areas will cap the index rise. Five indicators (CCI, DMI, MACD, Stochastic and Oscillator) we monitor are positive, signalling that a further medium-term price rise may be possible (as the index held above 1,651.45). 

Investors may nibble on weakness, as the index turned into positive territory and above the 18 and 40 SMA on 2 Jun. The FKLI contracts (Jun, Jul, Sep & Dec 2017) turned around par (ranging from a 1.55-point premium to a 3.95-points discount) against the index on some position adjustment activities. 

Despite the US markets' marginally weaker tone of 22.25-points for 5 Jun, the index may trade with a minor upward bias today. Obvious bearish divergence on its ADX, CCI, DMI, MACD, MACD Histogram and Oscillator may cause profit-taking on rallies for the FBMKLCI today. The index had recently bottomed out at 1,759.73 on 1 Jun 2017, with lower volumes traded. 

Sunday, 4 June 2017

5 Jun 2017 - A strong rebound from the 1,759.73 low.


A wider price band was seen on 2 Jun, with a 10.70-point range traded between 1,776.95 and 1,766.25. The index rose 13.84-points on some gap-up buying activities to settle at the day's high of 1,776.95. 

Supports at 1,759, 1,766 and 1,776 may be obvious for 5 Jun, whilst clear profit taking at the 1,778, 1,787 and 1,796 resistance areas will cap the index rise. Four indicators (CCI, DMI, Stochastic and Oscillator) we monitor are positive, signalling that a further medium-term price rise may be possible (as the index held above 1,651.45). Its MACD has turned negative.

Investors may nibble on weakness, as the index turned into positive territory and above the 18 and 40 SMA on 2 Jun. The FKLI contracts (Jun, Jul, Sep & Dec 2017) turned below par (ranging from a 0.45-point to a 5.45-points discount) against the index on some selling activities. 

Due to the US markets' firmer tone of 62.11-points for 2 Jun, the index may trade with a minor upward bias today. Obvious bearish divergence on its ADX, CCI, DMI, MACD, MACD Histogram and Oscillator may cause profit-taking on rallies for the FBMKLCI today. The index had recently bottomed out at 1,759.73 on 1 Jun 2017, with lower volumes traded. 

Thursday, 1 June 2017

2 Jun 2017 - A minor respite rebound for the index.


A narrower price band was seen on 1 Jun, with a 6.15-point range traded between 1,765.88 and 1,759.73. The index inched down 2.76-points on minor selling activities to settle at 1,763.11. 

Supports at 1,748, 1,759 and 1,763 may be obvious for 2 Jun, whilst heavy profit taking at the 1,765, 1,778 and 1,787 resistance areas will cap the index rise. Two indicators (DMI and Oscillator) we monitor are positive, signalling that a further medium-term price rise may be possible (as the index held above 1,651.45). Its CCI, MACD and Stochastic have turned negative.

Investors may take profit, as the index turned into neutral territory and between the 18 and 40 SMA on 29 May. The FKLI contracts (Jun, Jul, Sep & Dec 2017) turned around par (ranging from a 0.11-point discount to a 1.89-points premium) against the index on position adjustment activities. 

Due to the US markets' firmer tone of 135.53-points for 1 Jun, the index may trade between 1,759 and 1,787 today. Obvious bearish divergence on its ADX, CCI, DMI, MACD, MACD Histogram and Oscillator may cause heavy selling on rallies for the FBMKLCI today. The index had recently stalled at 1,787.54 on 16 May 2017, with very poor market breadth. 

Wednesday, 31 May 2017

1 Jun 2017 - May has passed. Sell as June is here.


A wider price band was seen on 31 May, with a 9.35-point range traded between 1,769.46 and 1,761.11. The index inched up 0.53-points on minor nibbling activities to settle at 1,765.87. 

Supports at 1,748, 1,759 and 1,762 may be weaker for 1 Jun, whilst heavy profit taking at the 1,765, 1,778 and 1,787 resistance areas will cap the index rise. Two indicators (DMI and Oscillator) we monitor are positive, signalling that a further medium-term price rise may be possible (as the index held above 1,651.45). Its CCI, MACD and Stochastic have turned negative.

Investors may take profit, as the index turned into neutral territory and between the 18 and 40 SMA on 29 May. The FKLI contracts (Jun, Sep & Dec 2017) turned below par (ranging from a 6.87-point to a 7.37-points discount) against the index on selling activities. 

Due to the US markets' softer tone of 20.82-points for 31 May, the index may be weaker towards 1,762 and below today. Obvious bearish divergence on its ADX, CCI, DMI, MACD, MACD Histogram and Oscillator may cause heavy selling on rallies for the FBMKLCI today. The index had recently stalled at 1,787.54 on 16 May 2017, with very poor market breadth. 

Tuesday, 30 May 2017

31 May 2017 - A late "Sell in May & Go Away" effect.


A narrower price band was seen on 30 May, with a 4.97-point range traded between 1,767.40 and 1,762.43. The index inched up 0.45-points on minor nibbling activities to settle at 1,765.34. 

Supports at 1,748, 1,759 and 1,762 may be weaker for 31 May, whilst heavy profit taking at the 1,765, 1,778 and 1,787 resistance areas will cap the index rise. Two indicators (DMI and Oscillator) we monitor are positive, signalling that a further medium-term price rise may be possible (as the index held above 1,651.45). Its CCI, MACD and Stochastic have turned negative.

Investors may take profit, as the index turned into neutral territory and between the 18 and 40 SMA on 29 May. The FKLI contracts (May, Jun, Sep & Dec 2017) turned below par (ranging from a 0.84-point to a 2.34-points discount) against the index on selling activities. 

Due to the US markets' softer tone for 30 May, the index may be weaker towards 1,762 and below today. Obvious bearish divergence on its ADX, CCI, DMI, MACD, MACD Histogram and Oscillator may cause heavy selling on rallies for the FBMKLCI today. The index had recently stalled at 1,787.54 on 16 May 2017, with very poor market breadth. 

Monday, 29 May 2017

30 May 2017 - A weaker cycle for the FBMKLCI.


A wider price band was seen on 29 May, with a 9.54-point range traded between 1,774.43 and 1,764.89. The index tumbled 7.41-points on late afternoon selling activities to settle at the day's low of 1,764.89. 

Supports at 1,748, 1,759 and 1,762 may be weaker for 30 May, whilst heavy profit taking at the 1,764, 1,778 and 1,787 resistance areas will cap the index rise. Two indicators (DMI and Oscillator) we monitor are positive, signalling that a further medium-term price rise may be possible (as the index held above 1,651.45). Its CCI, MACD and Stochastic have turned negative.

Investors may take profit, as the index turned into neutral territory and between the 18 and 40 SMA on 29 May. The FKLI contracts (May, Jun, Sep & Dec 2017) turned around par (ranging from a 0.39-point discount to a 2.11-points premium) against the index on position adjustment activities. 

Despite the US market being closed on 29 May for the Memorial Day holiday, the index may be weaker between 1,748 and 1,787 today. Obvious bearish divergence on its ADX, CCI, DMI, MACD, MACD Histogram and Oscillator may cause heavy selling on rallies for the FBMKLCI today. The index had recently stalled at 1,787.54 on 16 May 2017, with very poor market breadth. 

Sunday, 28 May 2017

29 May 2017 - Poor breadth may affect the FBMKLCI.


A wider price band was seen on 26 May, with a 8.71-point range traded between 1,778.18 and 1,769.47. The index inched down 1.66-points on minor selling activities to settle at 1,772.30. 

Supports at 1,762, 1,767 and 1,769 may be weaker for 29 May, whilst heavy profit taking at the 1,772, 1,782 and 1,787 resistance areas will cap the index rise. Three indicators (CCI, DMI and Oscillator) we monitor are positive, signalling that a further medium-term price rise may be possible (as the index held above 1,651.45). Its MACD and Stochastic have turned negative.

Investors may range trade, as the index turned into marginal bullish territory and above the 18 and 40 SMA on 25 May. The FKLI contracts (May, Jun, Sep & Dec 2017) turned around par (ranging from a 2.30-point discount to a 1.20-points premium) against the index on position adjustment activities. 

Due to the US markets' decline of 2.67-points on 26 May, the index may be range-bound between 1,762 and 1,787 today. Obvious bearish divergence on its ADX, CCI, DMI, MACD, MACD Histogram and Oscillator may cause heavy selling on rallies for the FBMKLCI today. The index had recently stalled at 1,787.54 on 16 May 2017, with also poorer market breadth. 

Thursday, 25 May 2017

26 May 2017 - FBMKLCI is indecisive despite a strong Dow.


A wider price band was seen on 25 May, with a 9.32-point range traded between 1,782.54 and 1,773.22. The index inched up 2.95-points on minor buying activities to settle at 1,773.96. 

Supports at 1,762, 1,767 and 1,771 may be obvious for 26 May, whilst heavy profit taking at the 1,773, 1,782 and 1,787 resistance areas will cap the index rise. Three indicators (CCI, DMI and Oscillator) we monitor are positive, signalling that a further medium-term price rise may be possible (as the index held above 1,651.45). Its MACD and Stochastic have turned negative.

Investors may range trade, as the index turned into bullish territory and above the 18 and 40 SMA on 25 May. The FKLI contracts (May, Jun, Sep & Dec 2017) turned around par (ranging from a 1.46-point discount to a 4.54-points premium) against the index on position adjustment activities. 

Despite the US markets' rise of 70.53-points on 25 May, the index may be range-bound between 1,762 and 1,787 today. Obvious bearish divergence on its ADX, CCI, DMI, MACD, MACD Histogram and Oscillator may cause heavy selling on rallies for the FBMKLCI today. The index had recently stalled at 1,787.54 on 16 May 2017. 

Wednesday, 24 May 2017

25 May 2017 - A quiet market here.


A wider price band was seen on 24 May, with a 9.02-point range traded between 1,776.24 and 1,767.22. The index inched up 3.84-points on minor buying activities to settle at 1,771.01. 

Supports at 1,762, 1,767 and 1,771 may be obvious for 25 May, whilst heavy profit taking at the 1,773, 1,777 and 1,787 resistance areas will cap the index rise. Four indicators (CCI, DMI, Stochastic and Oscillator) we monitor are positive, signalling that a further medium-term price rise may be possible (as the index held above 1,651.45). Its MACD has turned negative.

Investors may range trade, as the index turned into bullish territory and between the 18 and 40 SMA on 23 May. The FKLI contracts (May, Jun, Sep & Dec 2017) turned around par (ranging from a 0.01-point discount to a 4.99-points premium) against the index on position adjustment activities. 

Despite the US markets' rise of 74.51-points on 24 May, the index may be range-bound between 1,762 and 1,787 today. Obvious bearish divergence on its ADX, CCI, DMI, MACD, MACD Histogram and Oscillator may cause heavy selling on rallies for the FBMKLCI today. The index had recently stalled at 1,787.54 on 16 May 2017

Tuesday, 23 May 2017

24 May 2017 - Daily Bearish Engulfing Candle pattern seen on 23 May.


A wider price band was seen on 23 May, with a 9.91-point range traded between 1,777.08 and 1,767.17. The index fell 7.78-points on persistent selling activities to settle at the day's low of 1,767.17. 

Supports at 1,748, 1,759 and 1,762 may be weaker for 24 May, whilst heavy profit taking at the 1,767, 1,777 and 1,787 resistance areas will cap the index rise. Two indicators (DMI and Oscillator) we monitor are positive, signalling that a further medium-term price rise may be possible (as the index held above 1,651.45). Its CCI, Stochastic and MACD have turned negative.

Investors may take profit, as the index turned into neutral territory and between the 18 and 40 SMA on 23 May. The FKLI contracts (May, Jun, Sep & Dec 2017) turned below par (ranging from a 2.17-point to a 3.17-points discount) against the index on selling activities. 

Despite the US markets' rise of 43.08-points on 23 May, the index may be range-bound between 1,762 and 1,787 today. Obvious bearish divergence on its ADX, CCI, DMI, MACD, MACD Histogram and Oscillator may cause heavy selling on rallies for the FBMKLCI today. The index had recently stalled at 1,787.54 on 16 May 2017, with a further daily Bearish Engulfing Candle pattern seen on 23 May 2017. 

Monday, 22 May 2017

23 May 2017 - Trapped between 1,762 and 1,787.


A wider price band was seen on 22 May, with a 5.97-point range traded between 1,774.95 and 1,768.98. The index rose 6.67-points on very late afternoon nibbling activities to settle at the day's high of 1,774.95. 

Supports at 1,762, 1,768 and 1,774 may be obvious for 23 May, whilst heavy profit taking at the 1,776, 1,784 and 1,787 resistance areas will cap the index rise. Three indicators (CCI, DMI and Oscillator) we monitor are positive, signalling that a further medium-term price rise may be possible (as the index held above 1,651.45). Its Stochastic and MACD have turned negative.

Investors may nibble on dips, as the index turned into bullish territory and moved above the 18 and 40 SMA on 22 May. The FKLI contracts (May, Jun, Sep & Dec 2017) turned below par (ranging from a 0.95-point to a 3.45-points discount) against the index on selling activities. 

Despite the US markets' rebound of 89.99-points on 22 May, the index may be range-bound between 1,762 and 1,787 today. Obvious bearish divergence on its ADX, CCI, DMI, MACD, MACD Histogram and Oscillator may cause heavy selling on rallies for the FBMKLCI today. The index had recently stalled at 1,787.54 on 16 May 2017. 

Sunday, 21 May 2017

22 May 2017 - Exhausted run-up to 1,787.54. Sell rebounds.


A narrower price band was seen on 19 May, with a 3.61-point range traded between 1,771.50 and 1,767.89. The index inched up 1.11-points on minor nibbling activities to settle at 1,768.28. 

Supports at 1,754, 1,762 and 1,766 may be weaker for 22 May, whilst heavy profit taking at the 1,768, 1,772 and 1,787 resistance areas will cap the index rise. Three indicators (CCI, DMI and Oscillator) we monitor are positive, signalling that a further medium-term price rise may be possible (as the index held above 1,651.45). Its Stochastic and MACD have turned negative.

Investors may take profit, as the index turned into neutral territory and moved between the 18 and 40 SMA on 18 May. The FKLI contracts (May, Jun, Sep & Dec 2017) turned around par (ranging from a 0.72-point premium to a 1.28-points discount) against the index on position adjustment activities. 

Despite the US markets' rebound of 141.82-points on 19 May, the index may be range-bound today. Obvious bearish divergence on its ADX, CCI, DMI, MACD, MACD Histogram and Oscillator may cause heavy selling on rallies for the FBMKLCI today. The index had recently stalled at 1,787.54 on 16 May 2017.