FKLI Daily Pivot Point
R2= 1456
R1= 1447.50
S1= 1432
S2= 1426
FKLI Fibonacci % Retracement
100% >>> 1599.0
75% >>> 1522.5
61.8% >>> 1482.0
50% >>> 1446.0
38.2% >>> 1410.0
23.6% >>> 1365.0
0.0% >>> 1293.0
MEMORIES
Market numbers are very sentimental and have very good memory. They always revisit the positions they were once at >>> where else do you think the terms "new highs & new lows" came from?
Monitor carefully the datas provided above and never doubt the ability of the trend. In any open market >>>
all possibilities are possible.
MARKET HEAT
The above image should be helpful in tracking gains & losses of the index component related Top 50 active stocks.
FBMKLCI
With the daily stochastics for KLCI moving into the overbought zone,
profit-taking and selling should pick up momentum, with multiple
resistance coming in from the 50-day moving average and upper Bollinger
band at 1,447 and 1,454, the 50% Fibonacci Retracement (FR) of the selloff
from the 1,597 record high of 11 July to the recent pivot low of 1,310
on 26 Sept. Next significant resistance above is at 1,487, the 61.8%FR.
Immediate support on a profit-taking correction is revised upwards to
1,420, the 38.2%FR, next would be 1,400, and then 1,378, the 23.6%FR.
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