Tuesday, October 12, 2010

Index made new High after recent consolidation

FBM KLCI daily Chart
The above KLCI chart clearly shows that the FBM KLCI successfully closed above 1481 making a new year high after a recent week of consolidation. This is a strong sign that the market could be heading higher. Current immediate resistant would be at 1496 and 1500 correspondingly. Immediate support lies at 1450 and 1442.

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