The KLCI index swing in a yo-yo manner between the low of 1423.47 breaking the support level of 1440 and the high of 1515.19 before closing at 1472.14 down 24.85 points 1.66%. The market recovered in the afternoon session in-line with the rebound in the global financial markets. However much left to be seen whether the support level of 1440 will hold.
Stocks 1 & 2 are overbought but trend remain intact.
Stock Close S'port Resist RMI Inertia
1. RANHILL 0.88 0.75 0.885 84.7 58.5
2. CYBERT 0.105 0.105 0.11 77.4 55.8
3. CONNECT 0.085 0.08 0.085 49.3 53.1
4. FRB 0.765 0.765 0.785 45.7 45.5
"TECHNICAL ANALYSIS - YOUR ROAD MAP TO PROFIT"
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