As the Asian financial markets continue to move lower, the KLCI also move lower closing at 1308.76 down 5.26 points. The market is weak and it looks like there is more to the downside. Be cautious. Refer to the KLCI chart for a clearer view.
The following stocks struggled to close at or above their level of support. Stocks 1 - 4 are overbought.
Stock Close Support Resistance
1. KPJ 3.37 3.31 3.37
2. CIMB 7.08 7.01 7.10
3. KLCCP 3.13 3.07 3.17
4. IFCAMSC 0.195 0.185 0.195
5. CME 0.055 0.05 0.055
6. IPOWER 0.07 0.07 0.07
TAN
