FBMKLCI–Technical Analysis (27 Jan 2012)
Posted by L. C. Chong on January 27, 2012
Despite high volume, FBMKLCI is still in ranging. The current market condition is mainly caused by financial stocks. In overall, FBMKLCI’s uptrend is still healthy. Compare to the CONSUMER, IND-PROD, INDUSTRIAL, PLANTATION and TRAD/SERV sections, the FINANCIAL sector is ranging now and still below 200SMA. So, the FINANCIAL sector needs more momentum to resume uptrend, in order to move FBMKLCI higher.
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