KLCI Close as at 7.1.2011
The KLCI close at 1572.21 up 3.84 points 0.24%. With the reading of the Relative Momentum Index at 90.74 and the Stochastic Momentum Index at 80.91; the market is overbought. The immediate resistance is at 1583. At the moment the uptrend remain intact. However depending on the regional and world financial situation, the market may be in for a correction in the next few days as the heavy volumes delivery becomes due. Be cautious.
"TECHNICAL ANALYSIS - YOUR ROAD MAP TO PROFIT" TAN
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